MercoPress. South Atlantic News Agency
Capitanich says Sancor to sell baby formula to China
Argentine Cabinet Chief Jorge Capitanich announced clearance for Sancor to sell baby formula to China The Argentina firm joins the ranks of the international producers authorised to enter the Asian country's market.
Argentina's Sancor dairy company has been authorised to sell baby formula to China, Cabinet chief Jorge Capitanich said Monday during his daily press conference, which would make the company one of the 65 international firms allowed to operate in the Asian country.
In 2012, Sancor announced a partnership with U.S.-based Mead Johnson Nutrition, the global leader in infant nutrition, to produce formula for Argentina and neighbouring countries. The two companies created Nutricion para el Cono Sur S.A., and Sancor produces nutrition formulas sold in Argentina, Uruguay, Paraguay, Bolivia and Chile. Sancor also manufactures all the Mead Johnson products sold in Brazil.
Trade between China and Argentina amounts to roughly $15 billion a year, according to government figures.
Besides a market for Argentine exports, China has been a partner to Buenos Aires for currency swaps and an investor in power plants and an overhaul of the South American country’s railway network.
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Read all comments2 years late on that bandwagon:
Dec 30th, 2014 - 04:04 pm 0http://www.dailytelegraph.com.au/news/national/woolworths-to-introduce-four-can-sales-limit-to-keep-baby-formula-on-shelves/story-fncvk70o-1226549089614
And Australia and New Zealand have been ramping up production for the last couple of years. Both our countries have stellar reputations when it comes to food in China. Good luck with this gamble.
http://www.dailytelegraph.com.au/news/national/woolworths-to-introduce-four-can-sales-limit-to-keep-baby-formula-on-shelves/story-fncvk70o-1226549089614
Don't forget the special chinese ingredient - melamine.
Dec 30th, 2014 - 05:56 pm 0If Captain Itch has some of that baby food, will it make him smile?
Dec 30th, 2014 - 11:53 pm 0Commenting for this story is now closed.
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