The Shanghai-listed Inner Mongolian Yili Industrial Group (SHA:600887) released its 2017 annual report on April 26, showing its strong growth in 2017 and leading role in dairy industry. It is shown that last year was a profitable year for Yili Group. The overall revenue increased by 12.69% to CNY 68 billion. The net profit rose to CNY 6 billion, while
Oceania Dairy - Strength and security
Oceania Dairy Limited is a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Co.,Ltd (Yili), which is listed on the Shanghai stock exchange. Yili is China’s largest dairy producer and its 2015 revenue of US$8.6 billion made it the 8th largest dairy company in the world. Yili is the only dairy producer that has served both the Olympic Games and the World Expo in China.
The state-of-the-art Glenavy processing plant has been designed for the production of milk powder for export to China where it is being used by Yili to produce infant formula.
Local suppliers enjoy the long-term support of a significant international dairy company. Oceania’s supply partners have the security of knowing that they are contributing to a first-class product being provided to a substantial and progressive single end-user client.
That provides suppliers with security and confidence to invest in their businesses.
It also means jobs for the local community. More than 100 people are currently employed at Glenavy and this will grow to 220 when 2017, $700 million development project is completed on site.