China
Yili named official dairy for 2022 Winter Olympics
Asia’s biggest dairy was also named “Official Dairy Products Supplier” for the 2008 Olympics.
“Yili has a history partnering the Olympic Games and Paralympics" said Pang Gang, president of the privately owned Chinese dairy.
“We will commit to promote the development of Winter sports and advocate a healthy lifestyle for all.”
The announcement of Yili’s participation as part of Beijing 2022’s Commercial Programme follows the naming of Bank of China and Air China as Official Commercial Banking Partner and Official Passenger Air Transportation Services Partner respectively. More partners are expected to be named in the next couple of months.
“We believe Yili will provide quality products and services as an official partner,” said Zhang Jiandong, vice-executive president of Beijing 2022.
The Inner Mongolia-based firm recently announced its first-half 2017 figures, achieving total revenues of RMB33.5bn (US$5.1bn) and growth of 11.3% over the same period last year. Net profit amounted to RMB3.4bn, following 4.5% growth.
The world’s eighth-biggest dairy “continues to lead the industry with its scale advantages in revenues, net profits as well as robust growth,” Yili said in a statement.
