Chinese tainted milk company declared bankrupt: FonterraThe Chinese firm that sparked a nationwide tainted taint v. taint·ed, taint·ing, taints v.tr. 1. To affect with or as if with a disease. 2. To affect with decay or putrefaction; spoil. See Synonyms at contaminate. 3. milk crisis that made nearly 300,000 children ill and killed six has been declared bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. , New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. shareholder Fonterra said Wednesday. A court in Shijiazhuang in the northern province of Hebei had issued a bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most order against Sanlu Group, the company whose melamine-tainted baby formula triggered the crisis in September, said Fonterra. The world's biggest international trader of dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl , Fonterra held a 43 percent stake in Sanlu, one of 22 dairy companies identified as selling toxic milk products. "This bankruptcy order is not a surprise to us. We were aware that Sanlu was in a very difficult situation and faced mounting debts as a result of the melamine melamine (mĕl`əmēn'), common name for 2,4,6-triamino-1,3,5-triazine. Melamine is a trimer (see polymer) of cyanamide, H2NC≡N, and is synthesized from calcium carbide. contamination crisis," said Fonterra chief executive Andrew Ferrier. Sanlu would be managed by a court-appointed receiver who would assume responsibility for selling the company's assets and payment of creditors over the next six months, Ferrier said. Fonterra has written off its 201 million dollar (114 million US) investment in Sanlu. Earlier this month China dramatically raised the official tally of children sickened by dairy products laced with the industrial chemical melamine to 294,000, and said six babies may have died from drinking toxic milk. Melamine is a chemical normally used in making plastics but it emerged in September that it had been routinely mixed into watered-down Chinese milk and dairy products to give the impression of higher protein content. Melamine can cause kidney stones Kidney Stones Definition Kidney stones are solid accumulations of material that form in the tubal system of the kidney. Kidney stones cause problems when they block the flow of urine through or out of the kidney. if taken in excessive levels and babies who were fed tainted milk powder suffered the worst. China's health ministry said in early December that 861 children remained in hospital and 154 had been in a serious condition. After news broke in September, Chinese dairy products around the world were recalled or banned after they were found to be tainted. 
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