NZ's Synlait Milk plans IPO, taps Chinese infant formula market demand
date:May 15, 2013
2 as more mothers join the workforce and spend less time breastfeeding.

Foreign firms such as Mead Johnson Nutrition Co. and Nestle SA expanded their presence in China after a 2008 scandal over tainted infant milk powder that shattered public confidence in Chinese-made milk products.

Synlait Milk CEO John Penno recently told Reuters recently he hoped China would ultimately account for one-third of overall revenues. Fonterra, the world's biggest dairy exporter, also plans to sell its own-brand
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