Synutra International, Inc. (SYUT) Obtains PRC Government Approval to Move Forward with New Drying Facility in France
Synutra International, an owner of Chinese subsidiaries that produce, market, and sell nutritional products for infants, children, and adults, announced its receipt of the required approvals from China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MC) to construct a new drying facility in Carhaix, France. As previously announced on Sept. 18, 2012, the company signed a long-term industrial and commercial partnership agreement with Sodiaal, which is France’s leading dairy cooperative, and its subsidiary Euroserum, which is a global leader in demineralized whey powders. Synutra will, under this partnership agreement, build a new drying facility in Carhaix for…