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Coke Sets Up JV With Chinese Dairy Giant To Sell Chilled Milk

May 13, 2020: 12:00 AM EST
Coca-Cola has set up a joint venture with China’s Mengniu Dairy Co to produce and sell chilled milk in the country. The JV is “a reaffirmation of its long-term commitment to the Chinese market” the company said. It will look to make full use of the advantages of both companies, including dairy development and processing techniques, brand influence, and distribution channels. The partnership will create a portfolio of consumer-centric beverages, according to a Coca-Cola statement.[Image Credit: © The Coca-Cola Company]
"Coca-Cola, Mengniu's JV to sell chilled milk", ECNS.cn/China Daily , May 13, 2020, © Chinanews.com
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