Hanoimilk rebounds from tainted milk scandal

The Hanoi Milk Joint Stock Co (Hanoimilk) would make increasing efforts to regain its share of the milk market despite lingering impacts from the melamine scandal, said chairman of its management board Tran Dang Tuan.

Consumers should have confidence in the quality of Hanoimilk’s products after the Ministry of Health’s official announcement that the 25 samples of the company’s milk tested negative for the poisonous substance, said Tuan.

The chairman made this comment during a ceremony on Dec. 30 to receive a melamine tester machine and begin trial operations for its milk pilot line, an investment by the company worth 5 billion VND (286,000 USD), making it the first milk enterprise to install equipment used for discovering melamine.

Before the melamine scandal, Hanoimilk shares were priced at 22,000 VND each. Now the price has fallen to 9,700 VND, and the company announced that it had reduced its purchases from household producers by 50 percent.

VNA

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