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Oceania Dairy

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Namestring
Oceania Dairy
Legal namestring
Oceania Dairy Limited
Company typeenum
Private
Founded yearint
2013
Descriptiontext

Oceania Dairy Limited operates a single-site dairy processing facility at Glenavy in South Canterbury, New Zealand, producing milk powder (including infant formula meeting both New Zealand and Chinese specifications), UHT milk, and planning lactoferrin production. The plant has full-capacity annual output of approximately 47,000 tonnes of milk powder, supported by integrated UHT, canning, blending, and a $25 million laboratory completed in 2020/2021. The facility is accredited under MPI-approved Risk Management Programme, FSSC 22000, HACCP, ISO 9001, and ISO 14001, and is operated by 350-400+ permanent staff processing raw milk from 46-48 contracted dairy farms within a 50km radius.

Oceania Dairy is a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Company Limited (Yili Group), China's largest dairy company and a top-five global dairy player, and forms part of the Yili Oceania Business Division (YOBD) alongside Westland Milk Products, Pure Nutrition, Canary Foods, and EasiYo. Finished products are primarily sold to Yili Group for distribution through its network — the most widely recognised food brand in China and official dairy partner of the 2022 Beijing Winter Olympics — with exports reaching over 40 countries.

The business model is B2B dairy manufacturing and export, generating revenue through sale of processed dairy products to the Yili parent and through milk processing services for contracted local suppliers. With over $650 million of cumulative capital deployed into the Glenavy site since 2013, the asset base is a strategic offshore platform for Yili's international premium-dairy supply chain.

Short descriptiontext

Oceania Dairy is a New Zealand milk powder and UHT processor in Glenavy, wholly-owned by China's Yili Group, exporting infant formula and dairy products to over 40 countries primarily through Yili's distribution network.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersGlenavy, New Zealand
HQ citystring
Glenavy
HQ countrystring
New Zealand
HQ regionstring
Oceania
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
milk powder manufacturing, infant formula production, dairy export processing, UHT milk processing, dairy ingredient manufacturing
Industry3 codes
1Infant Formula & Specialized Dairy Nutrition Manufacturing
CodeAFAKAKAJPrimaryYes
2Toddler & Pediatric Nutritional Powder Manufacturing (Milk-Based)
CodeAFAHAHAHPrimaryNo
3Consumer Packaged Fluid Milk (White Milk) Processing
CodeAFAHAAAAPrimaryNo
NAICS code3 codes
  • Dry, Condensed, and Evaporated Dairy Product Manufacturing311514
  • Dairy Product (except Frozen) Manufacturing31151
  • Fluid Milk Manufacturing311511
SIC code2 codes
  • Dairy Products2020
  • Food And Kindred Products2000
Product category
Dairy Manufacturing
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Dairy Product Manufacturing and Export
TypeHardware Sales
Description

Processes raw milk from local suppliers into milk powder (adult and infant formula) and UHT milk for export to international markets, primarily China. Revenue generated from sale of manufactured dairy products to parent company Yili Group and other customers.

oceaniadairy.co.nz
2Milk Processing Services
TypeTransaction Fee
Description

Processes milk from contracted local dairy farmers for export markets. Suppliers receive competitive milk price payments.

oceaniadairy.co.nz
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Oceania Dairy operates a dairy manufacturing facility at Glenavy, South Canterbury, processing raw milk from approximately 46 contracted local dairy farmers into adult milk powder, infant formula, UHT milk, and (planned) lactoferrin for export. The plant has annual capacity for 47,000 tonnes of infant milk powder and ships finished products to more than 40 countries, primarily to parent company Yili Group for distribution into China.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 170,000mt finished goods produced annually across Yili Oceania operations
+2 more records
Product overview1 text field

Oceania Dairy operates as a dairy manufacturing company producing milk powder products (including adult and infant formula) and UHT milk at its Glenavy, South Canterbury facility. The company is a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Company Limited (Yili Group). The product portfolio includes Milk Powder (adult and infant formula) and UHT milk, with planned future expansion to include lactoferrin production. The facility has capacity for 47,000 tonnes of infant milk powder per annum at full production.

Product and service4 records
1Milk Powder (Adult)
CategoryMilk Powder
Description

Adult nutritional milk powder produced at the Glenavy, South Canterbury facility for export to international markets, including China via parent company Yili Group.

2Infant Formula
CategoryInfant Formula
Description

Infant milk powder produced at the Glenavy facility meeting both New Zealand and China quality specifications, intended for export to international markets including China via Yili Group.

3UHT Milk
CategoryUHT Milk
Description

Ultra High Temperature processed milk products manufactured at the Glenavy facility, providing extended shelf life dairy milk for export.

4Lactoferrin
CategoryDairy Ingredient
Description

Value-added dairy ingredient planned for production at the Glenavy facility as part of the five-year expansion programme for use in nutritional and health applications.

Scale indicator13 records

Each record includes

Type, Value, Description, Source

Partnership9 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

New Zealand's second largest dairy producer acquired by Yili Group. Part of Yili Oceania Business Division (YOBD) alongside Oceania Dairy, Pure Nutrition Ltd, Canary Foods, and EasiYo Ltd.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Infant formula plant in Rolleston, New Zealand. Part of Yili Oceania Business Division (YOBD). Oceania Dairy holds shares in the facility.

Strategic tierStrategicTypeStrategic or Co-development Partner
Description

Research and Development centre in the Netherlands within the Yili family of collaborative organizations.

Strategic tierStrategicTypeStrategic or Co-development Partner
Description

Research centre partnership with Yili Group. MOU signed between Yili and Lincoln University focusing on value chains, product development, food safety, and high nutrition products.

Strategic tierStrategicTypeStrategic or Co-development Partner
Description

Thailand's largest ice cream manufacturer acquired by Yili Group as part of global dairy community expansion.

Strategic tierStrategicTypeStrategic or Co-development Partner
Description

Largest dairy company in Uruguay with cooperative agreement with Yili Group.

7Aoraki Polytechnic
Strategic tierMinorTypeImplementation/ SI/ Consulting Partner
Description

Training partnership providing New Zealand Diploma in Dairy Processing, engineering, first-line management, and apprenticeship programmes for Oceania Dairy staff.

oceaniadairy.co.nz
8Waitaki Riparian Enhancement Society
Strategic tierMinorTypeGTM or Marketing Partner
Description

Three-year sponsorship agreement for salmon hatchery programme supporting environmental sustainability. Funds go towards purchasing feed for salmon regeneration.

oceaniadairy.co.nz
Strategic tierStrategicTypeStrategic or Co-development Partner
Description

Agri-foodtech accelerator in the Netherlands. Yili officially partnered with StartLife in June 2021 as part of global health ecosystems expansion.

Recent move13 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

New Zealand-based milk processor and infant formula manufacturer serving global and Chinese markets. Direct comparable on product mix (milk powder, infant formula), customer base (Chinese infant formula brands), and capital-intensive NZ manufacturing model.

TypeBroad incumbent
Description

Global infant formula manufacturer (Similac) and a major buyer of NZ milk ingredients. Competes with Oceania-supplied Yili SKUs in the premium Chinese infant formula segment.

TypeDirect peer
Description

New Zealand dairy processor and exporter producing milk powder, cheese, and ingredients for global markets. Direct comparable on commodity milk powder manufacturing, NZ-based operations, and export-driven revenue model.

TypeBroad incumbent
Description

Global infant nutrition and dairy player (Nutricia/Aptamil) sourcing NZ milk and competing in the same Chinese infant formula shelf space that Oceania/Yili supply.

TypeRegional player
Description

New Zealand specialty dairy processor focused on high-value ingredients and caseinates. Comparable as a NZ-based dairy manufacturer with specialty/export orientation, but smaller scale and a different product mix.

TypeDirect peer
Description

Sister company under Yili Group and member of the Yili Oceania Business Division. Operates a NZ dairy processing platform with similar product mix (milk powder, UHT, ingredients) and identical end-market focus, making it the closest structural peer.

TypeBroad incumbent
Description

China's second-largest dairy company and Yili's primary domestic competitor. Comparable as a Chinese dairy platform selling infant formula, UHT, and milk powder through Chinese distribution; Oceania's products ultimately compete in the same Chinese end markets.

TypeDirect peer
Description

New Zealand-headquartered dairy nutrition company with a strong focus on premium infant formula and milk powder sold into China and other Asian markets. Comparable in channel (China-anchored), product positioning (premium NZ-origin nutrition), and customer overlap.

TypeBroad incumbent
Description

New Zealand's largest dairy co-operative and the dominant global exporter of whole milk powder. Competes with Oceania for NZ milk supply, Chinese customers, and global ingredient volumes, but operates at materially greater scale and product breadth.

TypeBroad incumbent
Description

Global dairy and infant nutrition leader (NAN, Nido) with significant NZ-origin sourcing. Comparable as a buyer of NZ milk powders and direct competitor in the Chinese infant formula category where Oceania supplies Yili.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance5 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Oceania Dairy

Dairy Manufacturingoceaniadairy.co.nz

Oceania Dairy is a New Zealand milk powder and UHT processor in Glenavy, wholly-owned by China's Yili Group, exporting infant formula and dairy products to over 40 countries primarily through Yili's distribution network.

What Oceania Dairy does

Oceania Dairy Limited operates a single-site dairy processing facility at Glenavy in South Canterbury, New Zealand, producing milk powder (including infant formula meeting both New Zealand and Chinese specifications), UHT milk, and planning lactoferrin production. The plant has full-capacity annual output of approximately 47,000 tonnes of milk powder, supported by integrated UHT, canning, blending, and a $25 million laboratory completed in 2020/2021. The facility is accredited under MPI-approved Risk Management Programme, FSSC 22000, HACCP, ISO 9001, and ISO 14001, and is operated by 350-400+ permanent staff processing raw milk from 46-48 contracted dairy farms within a 50km radius.

Oceania Dairy is a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Company Limited (Yili Group), China's largest dairy company and a top-five global dairy player, and forms part of the Yili Oceania Business Division (YOBD) alongside Westland Milk Products, Pure Nutrition, Canary Foods, and EasiYo. Finished products are primarily sold to Yili Group for distribution through its network — the most widely recognised food brand in China and official dairy partner of the 2022 Beijing Winter Olympics — with exports reaching over 40 countries.

The business model is B2B dairy manufacturing and export, generating revenue through sale of processed dairy products to the Yili parent and through milk processing services for contracted local suppliers. With over $650 million of cumulative capital deployed into the Glenavy site since 2013, the asset base is a strategic offshore platform for Yili's international premium-dairy supply chain.

Oceania Dairy firmographics

Firmographics
Name
Oceania Dairy
Legal name
Oceania Dairy Limited
Website
https://oceaniadairy.co.nz
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
251–500 employees
Short description
Oceania Dairy is a New Zealand milk powder and UHT processor in Glenavy, wholly-owned by China's Yili Group, exporting infant formula and dairy products to over 40 countries primarily through Yili's distribution network.
Ownership category
akta.pro rank

Oceania Dairy industry classification

Industry
Product category
Dairy Manufacturing
NAICS
Dry, Condensed, and Evaporated Dairy Product Manufacturing (311514), Dairy Product (except Frozen) Manufacturing (31151), Fluid Milk Manufacturing (311511)
SIC
Dairy Products (2020), Food And Kindred Products (2000)
akta.pro primary industry
Infant Formula & Specialized Dairy Nutrition Manufacturing (AFAKAKAJ)
akta.pro secondary industries
Toddler & Pediatric Nutritional Powder Manufacturing (Milk-Based) (AFAHAHAH), Consumer Packaged Fluid Milk (White Milk) Processing (AFAHAAAA)

Keywords

  • Milk powder manufacturing
  • Infant formula production
  • Dairy export processing
  • UHT milk processing
  • Dairy ingredient manufacturing

Where Oceania Dairy is headquartered

Location

Headquarters

HQ city
Glenavy
HQ country
New Zealand
HQ region
Oceania

Offices3 records

Markets served

Oceania Dairy business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

  1. Dairy Product Manufacturing and Export: Processes raw milk from local suppliers into milk powder (adult and infant formula) and UHT milk for export to international markets, primarily China. Revenue generated from sale of manufactured dairy products to parent company Yili Group and other customers.
  2. Milk Processing Services: Processes milk from contracted local dairy farmers for export markets. Suppliers receive competitive milk price payments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Oceania Dairy product offering

Product offering

Core offering

Oceania Dairy operates a dairy manufacturing facility at Glenavy, South Canterbury, processing raw milk from approximately 46 contracted local dairy farmers into adult milk powder, infant formula, UHT milk, and (planned) lactoferrin for export. The plant has annual capacity for 47,000 tonnes of infant milk powder and ships finished products to more than 40 countries, primarily to parent company Yili Group for distribution into China.

Product overview

Oceania Dairy operates as a dairy manufacturing company producing milk powder products (including adult and infant formula) and UHT milk at its Glenavy, South Canterbury facility. The company is a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Company Limited (Yili Group). The product portfolio includes Milk Powder (adult and infant formula) and UHT milk, with planned future expansion to include lactoferrin production. The facility has capacity for 47,000 tonnes of infant milk powder per annum at full production.

Differentiator

Problem solved

Functional benefit

Products and services

  • Milk Powder (Adult) Adult nutritional milk powder produced at the Glenavy, South Canterbury facility for export to international markets, including China via parent company Yili Group.
  • Infant Formula Infant milk powder produced at the Glenavy facility meeting both New Zealand and China quality specifications, intended for export to international markets including China via Yili Group.
  • UHT Milk Ultra High Temperature processed milk products manufactured at the Glenavy facility, providing extended shelf life dairy milk for export.
  • Lactoferrin Value-added dairy ingredient planned for production at the Glenavy facility as part of the five-year expansion programme for use in nutritional and health applications.

Quantifiable outcome

  • 170,000mt finished goods produced annually across Yili Oceania operations
  • +2 more outcomes

Companies that use Oceania Dairy

Customer profile

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Oceania Dairy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Oceania Dairy partnerships and signals

Strategic signal

Partnerships

Nine partnerships are on record, tiered core, strategic and minor.

  • Westland Milk ProductscoreStrategic or Co-development PartnerNew Zealand's second largest dairy producer acquired by Yili Group. Part of Yili Oceania Business Division (YOBD) alongside Oceania Dairy, Pure Nutrition Ltd, Canary Foods, and EasiYo Ltd.
  • Pure Nutrition LtdcoreStrategic or Co-development PartnerInfant formula plant in Rolleston, New Zealand. Part of Yili Oceania Business Division (YOBD). Oceania Dairy holds shares in the facility.
  • Wageningen University Research CentrestrategicStrategic or Co-development PartnerResearch and Development centre in the Netherlands within the Yili family of collaborative organizations.
  • Lincoln UniversitystrategicStrategic or Co-development PartnerResearch centre partnership with Yili Group. MOU signed between Yili and Lincoln University focusing on value chains, product development, food safety, and high nutrition products.
  • Chomthana Co LtdstrategicStrategic or Co-development PartnerThailand's largest ice cream manufacturer acquired by Yili Group as part of global dairy community expansion.
  • ConaprolestrategicStrategic or Co-development PartnerLargest dairy company in Uruguay with cooperative agreement with Yili Group.
  • Aoraki PolytechnicminorImplementation/ SI/ Consulting PartnerTraining partnership providing New Zealand Diploma in Dairy Processing, engineering, first-line management, and apprenticeship programmes for Oceania Dairy staff.
  • Waitaki Riparian Enhancement SocietyminorGTM or Marketing PartnerThree-year sponsorship agreement for salmon hatchery programme supporting environmental sustainability. Funds go towards purchasing feed for salmon regeneration.
  • StartLifestrategicStrategic or Co-development PartnerAgri-foodtech accelerator in the Netherlands. Yili officially partnered with StartLife in June 2021 as part of global health ecosystems expansion.

Scale indicators13 records

Recent moves13 records

Expansion highlights5 records

Oceania Dairy competitors and assessment

Company assessment

Direct peers

  • Synlait Milk: New Zealand-based milk processor and infant formula manufacturer serving global and Chinese markets. Direct comparable on product mix (milk powder, infant formula), customer base (Chinese infant formula brands), and capital-intensive NZ manufacturing model.
  • Open Country Dairy: New Zealand dairy processor and exporter producing milk powder, cheese, and ingredients for global markets. Direct comparable on commodity milk powder manufacturing, NZ-based operations, and export-driven revenue model.
  • Westland Milk Products: Sister company under Yili Group and member of the Yili Oceania Business Division. Operates a NZ dairy processing platform with similar product mix (milk powder, UHT, ingredients) and identical end-market focus, making it the closest structural peer.
  • a2 Milk Company: New Zealand-headquartered dairy nutrition company with a strong focus on premium infant formula and milk powder sold into China and other Asian markets. Comparable in channel (China-anchored), product positioning (premium NZ-origin nutrition), and customer overlap.

Broad incumbents

  • Abbott Laboratories: Global infant formula manufacturer (Similac) and a major buyer of NZ milk ingredients. Competes with Oceania-supplied Yili SKUs in the premium Chinese infant formula segment.
  • Danone: Global infant nutrition and dairy player (Nutricia/Aptamil) sourcing NZ milk and competing in the same Chinese infant formula shelf space that Oceania/Yili supply.
  • China Mengniu Dairy: China's second-largest dairy company and Yili's primary domestic competitor. Comparable as a Chinese dairy platform selling infant formula, UHT, and milk powder through Chinese distribution; Oceania's products ultimately compete in the same Chinese end markets.
  • Fonterra Co-operative Group: New Zealand's largest dairy co-operative and the dominant global exporter of whole milk powder. Competes with Oceania for NZ milk supply, Chinese customers, and global ingredient volumes, but operates at materially greater scale and product breadth.
  • Nestlé: Global dairy and infant nutrition leader (NAN, Nido) with significant NZ-origin sourcing. Comparable as a buyer of NZ milk powders and direct competitor in the Chinese infant formula category where Oceania supplies Yili.

Regional players

  • Tatua Co-operative Dairy Company: New Zealand specialty dairy processor focused on high-value ingredients and caseinates. Comparable as a NZ-based dairy manufacturer with specialty/export orientation, but smaller scale and a different product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Oceania Dairy social profiles

Digital presence

Oceania Dairy compliance and trust

Trust signal

Compliance5 records

Oceania Dairy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Oceania Dairy leadership team

Management profile

Number of profiles

Profiles5 records

Oceania Dairy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Oceania Dairy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oceania Dairy

What does Oceania Dairy do?

Oceania Dairy operates a dairy manufacturing facility at Glenavy, South Canterbury, processing raw milk from approximately 46 contracted local dairy farmers into adult milk powder, infant formula, UHT milk, and (planned) lactoferrin for export. The plant has annual capacity for 47,000 tonnes of infant milk powder and ships finished products to more than 40 countries, primarily to parent company Yili Group for distribution into China.

Is Oceania Dairy a public or private company?

Oceania Dairy is a private company. It is classified as corporate owned and is currently operating.

When was Oceania Dairy founded?

Oceania Dairy was founded in 2013. It employs 251 to 500 people.

Where is Oceania Dairy based?

Oceania Dairy is headquartered in Glenavy, New Zealand, in the Oceania region.

How does Oceania Dairy make money?

Two revenue lines are on record. Dairy Product Manufacturing and Export is the primary driver. The others are milk Processing Services.

Who are Oceania Dairy's main competitors?

Direct peers on record are Synlait Milk, Open Country Dairy, Westland Milk Products and a2 Milk Company. Broad incumbents are Abbott Laboratories, Danone, China Mengniu Dairy, Fonterra Co-operative Group and Nestlé. Tatua Co-operative Dairy Company is listed as a regional player.

Does Oceania Dairy have an API?

No public API is recorded for Oceania Dairy.

What industry is Oceania Dairy in?

Oceania Dairy's product category is Dairy Manufacturing. Its primary akta.pro industry code is AFAKAKAJ, Infant Formula & Specialized Dairy Nutrition Manufacturing, with a secondary code of AFAHAHAH, Toddler & Pediatric Nutritional Powder Manufacturing (Milk-Based). Its NAICS code is 311514 and its SIC code is 2020.

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Live signals
PR NewswireLa delegación comercial china más grande en años asegura intenciones de cooperación en Nueva ZelandaRen Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), concluded a major trade delegation visit to New Zealand on April 19, representing China's largest such delegation in years with over 80 delegates. The delegation signed memoranda of cooperation and letters of intent with New Zealand partners for participation in the 2nd China International Supply Chain Expo scheduled for Beijing in November, conducting nearly 150 business discussions across sectors including renewable energy, smart vehicles, sustainable agriculture, and health-focused industries. The visit included tours to local companies AUNEW and Oceania Dairy, reinforcing bilateral trade ties between the two nations.PR NewswireLargest Chinese Trade Delegation in Years Secures Cooperative Intentions in New ZealandThe China Council for the Promotion of International Trade (CCPIT) led its largest trade delegation to New Zealand in years, with over 80 delegates participating in nearly 150 business discussions and events including the New Zealand-China Business Assembly Forum and a roadshow for the 2nd China International Supply Chain Expo. The delegation secured multiple cooperation agreements, including memoranda of cooperation and letters of intent with New Zealand business organizations for participation in the November 2024 expo in Beijing. The visit focused on enhancing partnerships in renewable energy, smart vehicles, sustainable agriculture, and health-focused sectors, with delegates touring local businesses including AUNEW and Yili subsidiary Oceania Dairy.PR NewswireYili Reports 11.37% Revenue Growth to RMB 123.2 Billion in FY2022 and Promotes Sustainable Growth of the Global Industrial ChainYili Group released its 2022 annual report on April 27, 2023, showing total revenue of RMB 123.171 billion ($17.8 billion) and net profit of RMB 9.431 billion ($1.36 billion), representing year-on-year growth of 11.37% and 8.34% respectively, with both metrics reaching record highs. The company continued to lead the Asian dairy industry while also reporting Q1 2023 revenue of RMB 33.441 billion ($4.83 billion) and net profit of RMB 3.615 billion ($0.52 billion), up 7.71% and 2.73% year-on-year respectively. Yili's overseas business revenue grew 52.2% in 2022, supported by its subsidiary Oceania Dairy in New Zealand and the upgraded Westland Milk Products facility, which increased high-quality grass-fed butter production capacity to 42,000 tons per year.