Yili’s New Zealand Dairy Group Posts Record $1.58 Billion Revenue
Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.
Yili, who operates Oceania Dairy and Westland Milk, have topped the tally at the World Dairy Innovation Awards.
Chinese dairy giant Yili topped the tally at the World Dairy Innovation Awards held recently in France.
Yili, which operates two dairy companies (Oceania Dairy and Westland Milk) in New Zealand, and its subsidiary Ausnutria picked up awards for packaging design, infant nutrition, intolerance-friendly dairy products, ice cream, cheese, and dairy snacks.
The judges noted that: "Yili have their finger on the pulse when it comes to identifying gaps in the market and creating brilliant innovative products that both taste and look great while simultaneously serving a purpose."
"Best Chees" winner was an ambient cheese lollipop that can be safely stored at room temperature. Revisiting traditional Chinese aesthetics, the Cujinhuan 3D Fresh Milk Ice Cream has been designed into the shape of a Chinese fan, featuring traditional painting carved on the surface.
For older men, a group more focused on bone health and physical fitness, the Shuhua Lactose-Free Milk for Dad includes 50% more natural calcium, vitamin D and taurine. Applying Yili's patented technology of LHT lactrose hydrolysis, the product also addresses the problem of lactose intolerance common among Asian consumers.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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