The shares of infant formula makers Bellamy’s have jumped by about 10 per cent, following the decision of Chinese authorities to lift a ban on products from one of the company’s canning facilities in Victoria.
The company said in a statement that the license for the recently-acquired Camperdown Powder facility has been restored.
Bellamy’s said it had responded to the requests on behalf of the CNCA (Certification Accreditation Administration of the People’s Republic of China) and worked with the assistance of Australian officials through the process as stipulated by the CNCA.
“We are pleased that Camperdown’s suspended registration has today been lifted,” said Bellamy’s CEO Andrew Cohen.
“Bellamy’s appreciates the important role that the CNCA has in protecting Chinese consumers and the support of the Australia trade officials in assisting us throughout this process.”