Nestle sells raw milk facility in China | China Daily

Switzerland-based food and beverage giant Nestle SA announced it has sold a 95 percent stake in one of its Chinese dairy manufacturing facilities to a local player, as it looks to reduce its raw milk powder output in an oversupplied market. Nestle Hulunbuir Ltd will become a joint venture called Saishang Nestle Hulunbuir Ltd, with the 95 percent stake held by Longhua Zhongchen Enterprise Management Consulting Centre, a shareholder of Ningxia Saishang Dairy Ltd. Nestle will retain the remaining 5 percent stake in the joint venture.

@ China Daily | May 25, 2018

635 thoughts on “Nestle sells raw milk facility in China | China Daily”