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Mengniu Dairy

China Digest, September 12, 2012

BEIJING

Toilets subject to nose test

Wednesday, 12 September, 2012, 3:45am

Mengniu confident despite tainted milk scare

China Mengniu Dairy said news of its milk products containing unsafe levels of a cancer-causing substance had affected sales in January, but it was confident it would meet this year's sales target.

The mainland's largest dairy reported net profit last year jumped 28.4 per cent to 1.59 billion yuan (HK$1.96 billion), and revenue grew 23.5 per cent to 37.4 billion yuan.

28 Mar 2012 - 12:00am

Cofco raises stake in Mengniu and offers help

State-owned food conglomerate Cofco is playing a more active role in China Mengniu Dairy, and has raised its stake after an excessive amount of a carcinogenic substance was found in its dairy products last month.

7 Jan 2012 - 12:00am

Dairy firms raise prices to fund 'damage control'

China's biggest dairy companies are raising prices in the new year, with one industry expert saying they need more money for public relations in the wake of several scandals.

2 Jan 2012 - 12:00am

Market calls

China Mengniu Dairy (2319), China's biggest milk seller, dropped 24 per cent on Wednesday after the company revealed that its milk contained flavacin M1, a toxin known to cause severe liver damage, even cancer. The news pressed the hot-button issue of food safety on the mainland for a sensitive consumable: milk.

2 Jan 2012 - 12:00am

Mengniu splashes out to improve milk quality

Mainland dairy giant Mengniu, which boasted a 27.6 per cent gain in net profit in the first six months of 2011, has pledged 700 million yuan (HK$854 million) to ensure the quality of its milk supply.

31 Aug 2011 - 12:00am

Market calls

The mainland consumer sector is an area of keen interest among analysts. The sector has been a long-term beneficiary of economic growth, which has translated into rising disposable income for a generation of shoppers hungry for high-margin luxury items.

16 May 2011 - 12:00am

Sweeping crackdown targets stealth marketing on internet

The central government has launched a sweeping crackdown on 'illegal internet public relations' campaigns to stamp out the use of message board posts for stealth marketing.

The joint two-month campaign, to be carried out by four state departments and ministries, is slated to begin in 'mid-April', according to a Xinhua report.

14 Apr 2011 - 12:00am

45pc of dairies ordered to shut

Nearly half of the dairies on the mainland have to shut down amid a nationwide review to clean up the scandal-ridden industry, according to the mainland's top quality supervisor.

3 Apr 2011 - 12:00am

Mengniu aims to make more high-end products

China Mengniu Dairy aims to increase the proportion of high-end products to offset rising costs and maintain its profit margin.

2 Apr 2011 - 12:00am

Mengniu smear blitz against Yili ends with jail sentences

Six people have been jailed or given suspended sentences for their roles in a smear campaign by dairy giant Mengniu against rival Yili.

Prosecutors in Hohhot's Huimin district said An Yong, 33, a brand manager in Mengniu's liquid milk division, came up with the idea of attacking similar products made by Yili in July.

16 Mar 2011 - 12:00am

HK$1.42b gift completes Mengniu founder's share bequests

Following in the footsteps of Microsoft co-founder Bill Gates and Berkshire Hathaway chief Warren Buffett, Niu Gensheng, founder of China Mengniu Dairy, has donated all his remaining equity interests - worth about HK$1.42 billion - to charity.

The Hong Kong-listed dairy firm said yesterday that Niu had finished donating all his equity interests in Mengniu.

30 Dec 2010 - 12:00am

Auction for CCTV ad slots draws big bids

Business was brisk at yesterday's auction of prime-time advertising slots by state broadcaster China Central Television.

A Nanjing food company, Yurun Group, yesterday bid 50.1 million yuan (HK$58.24 million) to win the prime 7.5-second advertising slot after the main CCTV evening newscast for two months, 6 per cent more than the winning bid last year.

9 Nov 2010 - 12:00am

At last, a provocative tale that breaks an old taboo

Kudos to journalists at the outspoken and popular Southern People Weekly, who put reviled Japanese politician Shintaro Ishihara on its front cover last week. Government censors should also be praised for allowing the copies to hit the newsstands, even though they later censored the online version.

25 Oct 2010 - 12:00am

Mengniu smear suspect 'co-operating with police'

Dairy giant Mengniu said yesterday that a business manager with the group was co-operating with police over an alleged smear campaign against rival company Yili, but it denied the company had masterminded the attack.

22 Oct 2010 - 12:00am

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