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Article: DAIRY GIANTS IN BEIJING AND SHANGHAI ESTABLISH JOINT VENTURE
- Article from:
- AsiaInfo Services
- Article date:
- August 19, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dairy Giants in Beijing and Shanghai Establish Joint Venture
SHANGHAI, Aug 19, 2003 (SinoCast via COMTEX) -- China's domestic dairy
market with an annual growth of 30 has invited more and more investors
to tap into the dairy industry although domestic dairy giants complain
of the declining profit rate.
Recently, two domestic dairy giants, Beijing Sanyuan Dairy Industry
Co., Ltd. and Shanghai Jiaoda Only Co., Ltd., entered a joint venture,
Shanghai Sanyuan Only Nutritious Foods Co., Ltd. Shanghai Jiaoda
Only Co., Ltd. owns a 51 equity in the joint venture.
The relevant official for Shanghai Jiaoda Only Co., Ltd. points out
in an interview that the company has chosen ...