date:Jan 14, 2014
Chinese baby food and care products provider Biostime International Holdings Ltd announced it has agreed to a joint venture with baby diaper manufacturer Hangzhou Coco Healthcare Co, a move that signals Biostime's expansion into the domestic mid to low-end market.
Under the agreement, the two companies will jointly invest in five baby diaper production lines and manufacture, sell, import and export baby diapers.
Amid fierce competition, Biostime was forced to invest in the upstream business