Related News
Wyeth Nutrition to step up R&D for local demand
WYETH Nutrition, now a unit of French food group Nestle, said it would step up research efforts to provide formula which is more suitable for local consumers.
Wyeth has also been leveraging the scientific capabilities at Nestle since it was officially merged with Nestle in December 2012.
"We hope to drive collaboration with local research institutions to make sure our products are closer to breast milk and stick to the highest scientific standards," Qu Feng, chairman of Wyeth Nutrition China, said during a media interview.
Currently Wyeth's major product line include Illuma3 and SMA Gold, and Qu said Nestle and Wyeth's infant formula will remain independent business operation but focus on different functions, for example Nestle's baby formula brands would focus more on anti allergic functions while Wyeth's would be better designed for improving immune health.
He added that revenue growth in the future would come from both existing products and new products that cater to more sophisticated demand from consumers.
The Wyeth Nutrition Science Center, which was set up in 2014 an also a part of the US company's global network, is to support studies of breast milk and infant nutrition and work with local nutritional expertise and institutions such as Chinese Nutrition Society and Peking University.
China milk formula sales reached 110 billion yuan (US$17.5 billion) last year, up 21 percent from a year ago, according to Euromonitor International. The market is expected to grow to 160 billion yuan by 2016.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.