Construction work has begun on the Yili Modern Smart Health Valley National Dairy Technology Innovation Center project in Hohhot, capital city of North China's Inner Mongolia autonomous region, following a groundbreaking ceremony held on May 29.
Inner Mongolia Yili Industrial Group Co reported total first quarter operating income of 27.36 billion yuan ($4.23 billion) on April 28, an increase of 32.49 percent year-on-year.
Pan Gang, president of the Inner Mongolia Yili Industrial Group Co (Yili Group), attended the launch ceremony for a Party history study and education event hosted by the China Young Entrepreneurs Association on April 10.
Yili Group announced its "Goldrush" project on March 24, which aims to help "Westgold" to go global.
Hohhot played host to the 14th Inner Mongolia Dairy Industry Expo and Summit Forum on March 26-28.
Pan Gang, president of Yili Group, met with Pan Weidong, president of Shanghai Pudong Development Bank (PSD Bank) in Hohhot, capital of North China's Inner Mongolia autonomous region, on March 12, and achieved an initial agreement on business collaboration.