Friday 11 August 2023

Yili Group Advocates For High-quality Development Across The Value Chain



KUALA LUMPUR, Aug 10 (Bernama) -- Yili Group, together with the industrial stakeholders worldwide convene to exchange views on green and sustainable development of the global dairy industry at the first World Dairy Industry Conference (WDIC) held recently on Aug 5, in Hohhot, China.

According to a statement, the conference was jointly organised by the Hohhot municipal government and Yili Group, together with other parties.

At the opening ceremony, the city of Hohhot, the capital of the Inner Mongolia Autonomous Region in north China, was awarded the titles of "The Dairy Breeding Capital of China" and "The Dairy Science and Technology Capital of the World".

At the same time, Yili Group Chairman and President, Pan Gang said the global dairy industry is entering a new chapter of growth.

Emphasising the role of "cooperation, innovation, digitalisation and green development" as the four pillars of high-quality development, he highlighted the need for the industry to accelerate the establishment of a resilient industrial chain.

To help do so, the Asian dairy giant has developed its Yili Ecosystem Mechanism, which targets technical and financial issues faced by the industry by providing its partners with multi-dimensional support that covers technical services, financial support and other areas.

By July-end this year, Yili had assisted about 12,000 pasture partners in raising over 130 billion Chinese yuan (approximately US$18.13 billion) of funds to strengthen the value chain extending from pastures to end products. (US$1=RM4.57)

At the WDIC, the industry's cutting-edge innovations and achievements took centre stage. Yili has built a global innovation network and led the industry in promoting the digital transformation of the whole industry chain via key technology research and development (R&D) across the upstream, midstream and downstream segments.

Featured at the conference, the Yili Global Dairy Intelligent Manufacturing Industrial Park has set a high benchmark for the industry in terms of smart manufacturing and digital transformation.

As a trailblazer of green development, Yili also boasts the industry's most complete carbon inventory database, in which the group has pledged to reach carbon neutrality throughout its entire industry chain by 2050.

In the future, Yili will continue its efforts aimed at bringing together global resources, intensifying technological innovation, accelerating digital transformation and building a sustainable ecosystem, in a bid to realise its dream of "World Integrally Sharing Health".

-- BERNAMA

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