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Yili to set up US milk powder plant

2014-11-13 08:22 Global Times Web Editor: Qin Dexing
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China's leading dairy maker Inner Mongolia Yili Industrial Group Co announced Wednesday that its board has agreed to establish a milk powder factory with 80,000 tons annual production capacity with Dairy Farmers of America Inc (DFA) in the US state of Kansas.

The joint venture will have a total registered capital of $100 million, $30 million from Yili and $70 million from DFA, the announcement said.

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