Brief: Centrale del Latte d'Italia Enters Partnership With Alibaba In China

Centrale del Latte d'Italia SpA

13/11/2018 09:42

Nov 13 (Reuters) - Centrale del Latte d'Italia SpA  CLII.MI :
    * ENTERS PARTNERSHIP WITH ALIBABA IN CHINA
    * HAS MADE ITS ENTRANCE INTO THE TWO DISTRIBUTION CHAINS, HEMA AND RT-MART
    * EXPORTS ROSE TO € 2.6 MILLION AT 30/9/2018 FROM € 944 THOUSAND AT 30/9/2017
    * EXEC SAYS TODAY TOTAL EXPORTS ACCOUNT FOR ALMOST 3% OF GROUP TURNOVER
    * EXEC SAYS AIM IS TO INCREASE SALES ABROAD TO 10% OF TURNOVER BY 2020
    * EXEC SAYS CO IS CARRYING OUT MAJOR RENEWAL WORK ON TURIN FACTORY, FOR VALUE OF EUR 22
MILLION,
WHICH WILL BE COMPLETED BY 2020

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9GDsXZ
Further company coverage:  CLII.MI 

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