Mengniu Dairy
 |
|
| Public | |
| Traded as | : 2319 |
| Industry | Dairy |
| Founded | 1995 |
| Headquarters | Hohhot, Inner Mongolia, People's Republic of China |
|
Key people
|
Ning Gaoning (Chairman) |
| Products |
Dairy products ice cream |
| Revenue |
 $2.04 billion U.S. |
|
Number of employees
|
30,000 |
| Website | www.mengniu.com.cn |
China Mengniu Dairy Company Limited (Chinese: 蒙牛; : 2319) is a manufacturing and distribution company of dairy products and ice cream in the People's Republic of China. The company is based in Inner Mongolia and manufactures dairy products under the Mengniu brand.
In July 2009, Mengniu sold a 20% stake to a consortium led by state-owned China National Oils, Foodstuffs and Cereals Corp, China's largest importer and exporter of food. That sale made the state the single largest shareholder.
Mengniu's main competitor in China is Yili Group.
Mengniu's products include liquid milk products, such as ultra heat treated (UHT) milk, yogurt and milk beverages, ice cream and other dairy products, such as powdered milk and milk tablets. During the year that ended 31 December 2015, the company operated 33 production bases with an aggregate annual production capacity of 8.68 million tons. China Mengniu Dairy Company Limited's operates in three segments: the liquid milk products segment, which manufactures and distributes processed UHT milk, milk beverages and yogurt; the ice cream products segment, which manufactures and distributes ice cream products, and the other dairy products segment, which manufactures and distributes processed milk powder and milk tablets products. The name Mengniu literally means 'Mongolian cow'.
The owner and founder of Mengniu is Mr Niu Gensheng, a former employee of Yili, another Inner Mongolian dairy giant which is now Mengniu's largest competitor. He started the company in 1999, and the company's textbook growth has swept the country by storm. In 2002, Morgan Stanley, CDH Investments and China Capital Partners signed agreement with Mengniu to invest US$ 26m for a total share of 32% in the company. Mengniu then went on to be listed on the in June 2004.
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