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Inner Mongolia Yili Industrial Group Co., Ltd. produces and sells dairy products in China and internationally. It offers liquid milk, milk powder, yoghourt, ice cream, and cheese, as well as packaged drinking water. The company was founded in 1956 and is based in Hohhot, China.
In 1956, "the Cattle Breeding Team of Hohhot Huimin District" was established. In 1958, it was renamed as "the Cooperative Dairy Farm of Hohhot Huimin District", which is the predecessor of the Yili Group.
In February 1997, the Yili Group was formally established and put into production the first production line of Tetra Pak Milk. In 2008, Yili Group was involved in a food safety scandal, the 2008 Chinese milk scandal. The scandal involved melamine-contaminated milk, baby milk powder, and other milk products. The incident causes 13,000 infants to have kidney stones in China and in neighbouring countries and regions who consumed the contaminated milk products.
In 2010, the Yili Group officially released the new logos, the brand ideas and the enterprise visions. In December 2018, the Yili Group was rated as an outstanding private enterprise in Inner Mongolia Autonomous Region. Also this year, it achieved a total operating income of nearly 80 billion yuan—the best achievement in Asian Dairy Enterprises.
On 18 March 2019, the group signed an agreement to acquire 100% equity in New Zealand dairy co-operative Westland Milk Products – which was ratified by Westland shareholders on 4 July.
“Ables consumers to witness the transparent quality of Yili's products in an all-dimension manner, without the limits of time and space.”
“Providing consumers with whate they need in complete transparency.”
https://en.wikipedia.org/wiki/Yili_Group
https://www.crunchbase.com/organization/yili-group
https://sec.report/CIK/0000868675
https://finance.yahoo.com/quote/600887.SS/
https://www.comparably.com/companies/inner-mongolia-yili-industrial-group-company
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.forbes.com/companies/inner-mongolia-yili/
https://www.reuters.com/markets/companies/600887.SS/
https://www.globaldata.com/company-profile/inner-mongolia-yili-industrial-group-co-ltd/
https://www.apollo.io/companies/Yili-Group/54a1273d69702d9b8bce6700
