Date
23 October 2017

Yili to set up R&D center in Netherlands, paper says

Inner Mongolia Yili Industrial Group Co. (600887.CN) said Tuesday that it has reached an agreement with Wageningen University and Research Centre to set up a research and development center in the Netherlands, a first for any Chinese dairy firm, the China Securities Journal reported Tuesday. The Chinese dairy industry is at a stage where it urgently needs overseas research support, sources from Yili were quoted as saying. Since 2013, Yili has been investing in projects in New Zealand, the US and Italy, the report noted.

– Contact HKEJ at [email protected]

EL/AC

 

EJI Weekly Newsletter

Please click here to unsubscribe