Feihe to milk more profits with huge capex

Infant formula maker Feihe Dairy Industry is investing 5 billion yuan over the next five years to boost its milk output capacity, its chairman told China Daily.

The New York Stock Exchange listed firm intends to set up eight large-scale pastures and 1,000-odd small-scale pastures as part of the plan to increase its total milk output to around 1.6 million tons.

The eight large pastures that are expected to come up in the next five years would have a capacity of 10,000 milk cows each, while the 1,000 small pastures would be able to house 1,000 milk cows each.