Yili enters world’s top 10 of dairy companies
July 14, 2014 Category Retail, Weekly
Chinese dairy company Inner Mongolia Yili Industrial Group was ranked tenth among the world’s largest dairy companies by revenue, according to Rabobank. It was the first time Shanghai-listed Yili entered the top 10, and it was also the highest-ever ranking attained by an Asian dairy enterprise in the annual study. The company, based in the Inner Mongolian capital of Hohhot, posted revenue of USD7.6 billion last year to jump from 12th place in the previous ranking. Domestic rival China Mengniu Dairy climbed one place to rank No 14 as the Hong Kong-traded firm recorded USD7 billion in revenue last year. Swiss dairy group Nestlé remained at the head of the industry table, with revenue of USD28.3 billion. Rabobank Analyst Tim Hunt said Yili’s ascent into the top 10 was a landmark for Asia’s dairy industry.
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