Arab Today, arab today nestle to cut infant formula prices after pricefixing probe
Last Updated : GMT 20:45:29
Arab Today, arab today
Arab Today, arab today

Swiss firm willing to cooperate with investigators

Nestle to cut infant formula prices after price-fixing probe

Arab Today, arab today

Arab Today, arab today Nestle to cut infant formula prices after price-fixing probe

China is by far the world's largest market for baby formula
Beijing - Arab Today

China is by far the world\'s largest market for baby formula Nestle has said it will cut infant formula prices in China in response to an investigation into alleged price-fixing by several foreign companies. China is the world’s largest market for baby formula.
Nestle\'s Wyeth Nutrition unit pledged \"immediately\" to cut prices on some formula products by 6 to 20 percent through 2014 in response to the investigation.
\"Wyeth Nutrition has always respected and been willing to abide by China\'s laws and regulations and is actively cooperating with the anti-monopoly investigation into the company,\" the firm said late Wednesday.
The Swiss firm also said it had improved marketing policies to ensure they were in line with regulations.
State media reported Tuesday that China\'s National Development and Reform Commission (NDRC) had launched an investigation into five foreign baby formula makers, and one Chinese company, for allegedly manipulating retailers to sell the formula at higher prices, thus violating market competition laws.
According to consumer research group Euromonitor, China is by far the world\'s largest market for baby formula.
There has been a huge increase in Chinese demand for foreign milk formula after several scandals left many consumers wary about domestically produced infant formula. In 2004, fake Chinese milk powder caused malnutrition deaths in at least a dozen babies and in 2008, a melamine-tainted milk scandal killed at least six babies and sickened about 300,000 others.
Other foreign companies under investigation include Danone Dumex, Abbott Laboratories, Mead Johnson Nutrition Co. and FrieslandCampina. The Chinese firm under investigation is Guangzhou-based Biostime International Holdings Ltd.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nestle to cut infant formula prices after pricefixing probe Arab Today, arab today nestle to cut infant formula prices after pricefixing probe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nestle to cut infant formula prices after pricefixing probe Arab Today, arab today nestle to cut infant formula prices after pricefixing probe

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday