date:Feb 20, 2014
rand in China with a new facility, for which it commenced construction in December 2013.
According to Reuters, General Mills is in talks with French dairy cooperative Sodiaal to secure supply for the market.
Meanwhile, the company reaffirmed its earnings guidance for the year ending 25 May 2014, saying that the adjusted diluted EPS could in the range of $2.87 to $2.90; however, as noted earlier the devaluation of the Venezuelan bolivar would likely put results at the low end of this range.