Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Regulatory changes in China

Regulatory changes in China

As part of its growth agenda, The a2 Milk Company Limited (a2MC) is establishing a business engaged in the sale of high-quality, a2® Platinum™ infant formula for sale initially into China, Australia and New Zealand. The product is exclusively manufactured on behalf of the Company by Synlait Milk Limited in Canterbury.

a2MC has previously advised shareholders that the regulatory environment for infant formula in China is evolving and we have been closely monitoring and responding to developments. More recently there have been moves to change the access arrangements for infant formula imported into China including a requirement for manufacturing companies and brands to achieve a new form of registration from 1 May 4014

The Minister of Primary Industries announced on Thursday 24 April 2014 that based on advice from Chinese officials most if not all New Zealand based infant formula manufacturers will achieve registration however the timing for this is presently uncertain. In addition Chinese authorities will require a close association between brand owner and manufacturer over the manufacturing process and formulation of brands.

a2MC Managing Director Geoffrey Babidge says “the requirements of the registration process are consistent with our expectations. We have been working closely with Synlait Milk in anticipation of potential changes and will continue to do so to build the Company’s position in this market. a2MC

applies additional quality management processes to the supply chain from certifying each individual cow in the a2 milking herds to the finished product. The application of the A2 System© ensures that a2® Platinum™ branded infant formula is consistently of the highest quality and performance.”

Currently there are sufficient levels of inventory of a2® Platinum™ infant formula held by our distribution partner China State Farm State to ensure consumer demand in China continues to be satisfied.

The regulatory changes affecting China should not impact the production of a2® Platinum™ infant formula for sale in other markets, including Australia and New Zealand.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news