China Mengniu Dairy
China Mengniu Dairy is a Chinese dairy producer and distributor of raw milk, yogurt, milk drinks, milk powder, and ice cream. Until 2014, the state-owned firm controlled most of the domestic milk market. Mengniu Dairy was the first manufacturer of dairy products to be featured in the HangSeng Index in 2014.
Mengniu Dairy was founded as a private firm in August 1999 in Hohhot, Xinjiang Uighur Autonomous Region. However, in 2009, China National Cereal grains, Oils, and Food products (COFCO), the nation's largest state-owned agriculture conglomerate, purchased a stake in the firm, making it the company's largest stakeholder. In June 2004, it was listed on the HKEX (Hong Kong Stock Exchanges and Clearing). It operates approximately 50 factories in more than 20 regions around China, with more than 8.1 million tons yearly production.
It intends to grow its operations internationally. The firm formed a strategic agreement with Shanghai-Disney Resort in April. Shanghai-Disney Resort is slated to debut in the spring of 2016. China Mengniu Dairy intends to improve its brand awareness among international tourists by selling its own-brand ice cream and milk at the theme park, in addition to other items.
Founded: 1995
Headquarters: Hohhot, Inner Mongolia
Revenue: $2.04B
Website: https://www.mengniu.com.cn/
