Tag: dairy

Yili reports record high revenue $13.32 billion during three quarters

These record-high figures indicate a continuous improvement in Yili’s core business capabilities China’s Yili Group released its financial results for the first three-quarters of FY2023. During the reporting period, the company’s revenue amounted to 97.404 billion yuan ($13.32 billion) and net profit rose by 16.36 per cent. These record-high figures indicate a continuous improvement in Yili’s[Read More…]

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olam food ingredients adds manufacturing capacity across Middle East and Africa

Through commissioning a new milk powder dryer and gravity flow production system, ofi remains laser-focused on servicing customers across the Middle East and Africa olam food ingredients (ofi), a global leader in naturally good food and beverage ingredients, has increased its ingredient manufacturing footprint by adding significant capacity to its[Read More…]

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Yili invests $42.58 M into new lactoferrin plant in New Zealand

Lactoferrin is a crucial and scarce resource for the dairy industry Yili’s subsidiary Westland Milk Products recently held a groundbreaking ceremony for the construction of its NZD 70 million ($42.58 million) lactoferrin plant at Hokitika, New Zealand. The ceremony was attended by New Zealand’s Trade, Export and Agriculture Minister and MP for West-Coast Tasman, Damien O’Connor;[Read More…]

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