FRANCE: Laiterie de Montaigu invests to meet Asia demand
Powdered baby milk specialist, Laiterie de Montaigu, is investing EUR30m (US$39m) in increasing production capacity to meet growing demand in Asia.
A new manufacturing tower, capable of producing up to 17,000 tonnes of product annually, is scheduled to enter service at the end of 2014, increasing the French firm's annual capacity to 25,000 tonnes.
In 2011, Laiterie de Montaigu signed a long-term supply contract with Biostime, one of China's leading groups in infant nutrition and care.
Apart from China, the company is eyeing the development of its products in other Asian countries including Viêtnam, Cambodia, Malaysia, Indonesia, India and Pakistan, a company official told just-food.
Laiterie de Montaigu's annual turnover has increased more than threefold since 2008, last year reaching EUR179m, with exports accounting for 45% of the total. It employs 200 staff.
Sectors: Baby food
- Focus: Danone CEO Faber puts stamp on business
- Cleaning up Tesco will have mixed supplier impact
- General Mills US "priority" categories gain share
- The just-food interview: Doux CEO Arnaud Marion
- Interview part 2: BRF CFO Augusto Ribeiro
- General Mills outlines "aggressive" NPD drive
- Coles supplier payments broke competition law
- General Mills earnings drop one-third
- Kraft to reappraise business, says new CEO Cahill
- PepsiCo opens snacks plant in Saudi Arabia