CHINESE BEINGMATE TO ESTABLISH JV DESPITE LOSSES
September 1st, 2016
Beihai Beingmate Nutrition Food, a Guangxi–based subsidiary of Chinese infant formula maker Beingmate Baby & Child Food is to establish a new dairy joint venture (JV) with two Chinese private investors, according to a company Chinese language statement.
Also located in Beihai, the new JV - Beihai Beingmate Dairy – will produce condensed milk, with other dairy products to be announced in the future, using “Beihai Beingmate’s existing equipment, experience, research capacity, as well as the two individuals’ extensive resources in China’s dairy ...
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