Yashili blames group structural changes for late accounts filing

Yashili's site in Pōkeno. (Image: BusinessDesk)

Thu, 21 Nov 2024

Yashili NZ has blamed group structural changes and confusion between it and head office for the late filing of its most recent accounts.Owned by China’s Mengniu Dairy, Yashili’s $220 million infant formula manufacturing plant opened in 2012 next to Synlait Milk’s North Island site.The Pōkeno site does not have any direct farm supply and cannot handle large amounts of raw liquid milk, it’s understood.Hong Kong-listed Mengniu is the eighth-largest dairy company in the world, according to Rabobank’s 2024 Global Dairy...

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