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Food & Beverage

China dairy giant Yili on aggressive overseas shopping spree

Investments in New Zealand and at home spurred by upswing in global demand

Yili products at a market in China. Global consumption of fresh dairy items is expected to grow by 22% from 2021 to 2030. (Photo by Shin Watanabe)

DALIAN, China -- Yili Group, China's largest dairy company, has been aggressively expanding abroad and at home as economic growth boosts global demand for dairy products.

The company acquired a New Zealand producer in October, and recently opened a new factory in its home region. Sales and net profits for the January-September period were both record figures, and it is now the fifth-largest dairy company in the world.

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