China's infant milk powder enterprises have to renew production licenses by May 31, and those who are unable to acquire new licenses will be asked to suspend production, says China Food and Drug Administration
May 29, 2014
(Xinhua News Agency)
– China's infant milk powder enterprises have to renew their production licenses by May 31 and those who are unable to acquire new licenses will be asked to suspend production, according to the China Food and Drug Administration, reported by the Xinhua-run China Securities Journal.
Industry insiders predict that more than one third of the domestic infant milk powder companies will suspend production after the deadline for renewing licenses and they are likely to withdraw from the infant milk powder market. Currently, China has 127 licensed infant milk powder producers.
The country's infant milk powder market environment will be purified to some extent after the cut of production capacity but the competition between homegrown and foreign milk powder will remain furious, analysts say. (Edited by Liu Xiaoyun, firstname.lastname@example.org)
(c) 2014 Xinhua News Agency