Friday May 25, 2018
    Home > News > Society
    Text:| Print|

    Bright Dairy raises prices

    2012-12-19 08:57 chinadaily.com.cn     Web Editor: qindexing comment

    Chinese dairy producer, Bright Dairy & Food Co Ltd, said on Monday night it will increase prices of their dairy products because of rising raw material costs.

    "From Dec 18, prices on some fresh milk and yogurt products will be increased by 5 percent due to the rising cost of raw materials," Bright said in a statement filed to the Shanghai Stock Exchange.

    Last month, the dairy giant announced its acquisition of Weetabix Ltd. Bright Dairy paid about 700 million pounds ($1.134 million) for the deal, which gives them a 60 percent stake in Weetabix, the second-largest maker of breakfast cereals in the United Kingdom.

    Last year, Shanghai-based Bright Dairy, one of the largest food companies in China, posted annual sales of 76.9 billion yuan and 2.65 billion yuan of net profit.

    Comments (0)

    Copyright ©1999-2011 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 綦江县| 城口县| 嘉义市| 蓬莱市| 谷城县| 玉屏| 临澧县| 江孜县| 长武县| 昭苏县| 鄂托克前旗| 乌什县| 宝坻区| 光山县| 青田县| 瓦房店市| 化德县| 黄陵县| 陆河县| 宜宾市| 青田县| 晋城| 彩票| 库伦旗| 合作市| 万盛区| 姚安县| 普兰店市| 宜都市| 阿拉善左旗| 子长县| 昌平区| 鹤岗市| 兰溪市| 师宗县| 西林县| 冷水江市| 五指山市| 仁怀市| 晋宁县| 东源县|