date:Oct 25, 2023
the factory manufactures infant formula products exclusively for export to markets in Greater China and Asia. The factory currently employs 491 people. The RD facility employs 51 people.
External trends have significantly impacted demand for infant nutrition products in the Greater China region. The number of new-born babies in China has declined sharply from some 18 million per year in 2016 to fewer than 9 million projected in 2023. The market, which had previously been reliant on imported in