Martek Signs Multi-Year Agreement in China with Feihe Dairy
"This new agreement with Feihe Dairy is another important step in Martek's effort to expand its international presence in the Chinese infant formula market," said Binglin Shen, general manager of China operations for Martek.
4 Jun 2010 --- Martek Biosciences Corporation announced that it has entered into a multi-year DHA and ARA agreement with Feihe Dairy, a wholly owned subsidiary of American Dairy, Inc. Under the terms of the agreement, Feihe Dairy will purchase its total requirements of DHA and ARA for its new premium infant formula and growing-up milk products sold in China.
"This new agreement with Feihe Dairy is another important step in Martek's effort to expand its international presence in the Chinese infant formula market," said Binglin Shen, general manager of China operations for Martek. "We are pleased to be working with Feihe Dairy and believe this agreement again demonstrates that companies around the world continue to recognize the importance of adding Martek's trusted sources of DHA and ARA to products for infants and children."
"Featuring life'sDHA and life'sARA, Xinfeifan Baby Formula Milk Powder is designed to meet the nutritional requirements of child growth and development," said You-bin Leng, Feihe Dairy chairman and CEO. "Feihe Diary is pleased to partner with Martek to launch this innovative, quality infant formula product that is important to Feihe Dairy's international strategy."
Martek manufactures nutritional oils that contain the long-chain polyunsaturated fatty acids DHA and ARA, both of which are naturally present in breast milk. Clinical studies have demonstrated benefits for infants receiving formula supplemented with DHA and ARA. Martek's proprietary blend of DHA and ARA, marketed under the brand names life'sDHA and life'sARA, is currently used in over 95 percent of U.S. infant formulas. Additionally, infant formula containing life'sDHA and life'sARA has been consumed by over 50 million infants in over 75 countries worldwide.
