Sector News

Meiji forms new dairy company called Meiji Dairies in China

September 18, 2019
Food & Drink

Japanese manufacturer and distributor of dairy and confectionery, Meiji has announced the establishment of a China-based company, Meiji Dairies as part of its plans to expand its business overseas.

Founded by subsidiary Meiji China Investment, Meiji Dairies will begin production in March 2023. The new company will produce and sell Meiji’s milk and yogurt products with the intentions of expanding its dairy sales in China.

According to its 2026 vision, Meiji aims to increase its long-term value by establishing a foundation for business growth in overseas markets. In its 2020 medium-term business plan, Meiji identified China as the most important overseas market claiming that the drinking milk and yogurt business has maintained steady growth.

Meiji has interpreted China’s dairy expansion as a result of the increased health-consciousness within the country, coinciding with the growing popularity for chilled milk and the increased demand for safety.

With this new establishment, Meiji says it will strengthen its production infrastructure while utilising its technology and expertise in delivering safe dairy products to a wider range of customers.

By expanding its connections with China, Meiji is one step forward towards achieving its 2026 vision.

By Emma Upshall

Source: FoodBev

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.