We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Nestle Says It Will Cut Prices of Infant Formula In China

July 3, 2013: 12:00 AM EST
Nestle said its Wyeth Nutrition unit will sell infant formula products at lower prices in China following local authorities’ investigation of foreign companies for alleged price fixing. Wyeth Nutrition plans to cut infant formula prices by 11 percent on average, with the some price cuts going as high as 20 percent. Nestle also said Wyeth has been cooperating with China’s National Development and Reform Commission, the agency spearheading government investigation into the foreign vendors’ pricing practices.
Dean Best , "CHINA: Nestle to cut infant formula prices amid probe", just-food.com, July 03, 2013, © just-food.com
Domains
FOOD COMPANIES
Nestle
Geographies
Worldwide
Asia-Pacific
China
Categories
Companies, Organizations
Legal, Legislation, Regulation, Policy
Market News
Products & Brands
Developed by Yuri Ingultsov Software Lab.