China-Biotics Sees No Impact on Business From Dairy Products Safety Concerns
Posted on: Friday, 26 September 2008, 09:00 CDT
China-Biotics, which is engaged in the manufacture and distribution of probiotics products, has announced that it sees no impact on its business from dairy products safety concerns in China.
Jinan Song, chairman and CEO of China-Biotics, said: "We do not foresee any significant impact to our business, as our current sales to the dairy industry are minimal. We expect that by 2009, when our new plant is operational, the dairy product contamination issue will have been resolved.
"The construction of our new manufacturing facility remains on schedule, and we are in discussions with a number of suppliers of bakery, dairy and pharmaceutical products in preparation for the plant's initial operation at the end of this calendar year."
Milk samples from several Chinese dairy companies have been found to be tainted with melamine, an industrial chemical. In an executive meeting of China's State Council, officiated by Premier Wen Jiabao, the council elected to take steps to conduct comprehensive testing of dairy products and carry out other industry reforms.
Source: Datamonitor
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