Candia and Chinese-based ZJNAC set up a joint venture to sell Candia-branded UHT milk and baby milk in China

摘要

Candia, no. 1 liquid milk brand in France, and Chinese-based ZJNAC, a Zhejiang International Business (ZIB) subsidiary, has signed an agreement founding a joint venture to sell milk in China. The joint venture will be backed by initial capital of RMB 50 million (approximately €7.2m) and will focus operations on selling Candia-branded UHT milk and baby milk in the Yangtze River valley region encompassing Greater Shanghai, Jiangsu province and Zhejiang province. Candia will hold 10% of the equity.