Nestle to Transform China's Milk Farming

Nestle to Transform China's Milk Farming Play

Jan. 12 (Bloomberg) -- Nestle SA Greater China Chairman Roland Decorvet talks about the company's business strategy in the region. Nestle, the world’s largest foodmaker, will spend 2.5 billion yuan ($396 million) with a local Chinese government and investors to boost output in its biggest China dairy district after tainted milk from competitor China Mengniu Dairy Co. hurt consumer confidence. Decorvet spoke yesterday with Bloomberg Television's Margaret Conley near Harbin, China. (Source: Bloomberg)

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