a2 Milk doesn't believe it will be severely hit by profits once cross-border regulations in China come into effect on 1 January 2019, according to its CEO in Asia Pacific, Peter Nathan. The company is also looking at the possibility of expanding outside China, with plans for a new milk processing plant in Thailand and an expansion of production capacity in Vietnam. "The company will continue to work proactively with its partners to respond to the new e-commerce law and the yet-to-be released implementation guidance as appropriate," a2 Milk said early last month. The company said it was awaiting further guidance from the Chinese authorities and also rejected rumours the products could face headwinds over non-Chinese labelling.
a2 Milk doesn't believe it will be severely hit by profits once cross-border regulations in China come into effect on 1 January 2019, according to its CEO in Asia Pacific, Peter Nathan. The company is also looking at the possibility of expanding outside China, with plans for a new milk processing plant in Thailand and an expansion of production capacity in Vietnam. The company said it was awaiting further guidance from the Chinese authorities and also rejected rumours the products could face headwinds over non-Chinese labelling.