UKRAINE: Danone to invest in plant, products
Danone plans more investment in Ukraine
Danone has lined up a fresh round of investment in Ukraine in a bid to continue to grow sales in the country's dairy market.
The French food group plans to invest EUR30m (US$40.8m) in its plants over the next three years to develop new products for the Ukrainian market.
The company boosted its presence in Ukraine when it merged its operations in Ukraine, Russia and a number of CIS markets with Unimilk in 2010. It has grown its sales by 10-15% in the last five years and expects the same rate of growth this year.
Danone has three plans in Ukraine, where it sells a range of local products, as well as international brands Actimel and Activia.
US infant formula market Mead Johnson has reported a dip in first-half operating profit, as higher investment levels offset improved sales and gross margins....
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