Danone has completed an investment project at a plant in New Zealand designed to double the production capacity of a plant that blends and packs infant formula.
The investment was marked by a visit from Damien O’Connor, New Zealand’s Agriculture Minister, who said: “It is crucial for New Zealand’s economic future that we are able to sustainably produce high-quality, nutritious food for a growing global population. That means moving New Zealand’s primary sector higher up the value chain so we continue to deliver what international consumers demand.”
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Danone acquired the facility in 2014 from local dairy processor Sutton Group. It also bought a plant in New Zealand’s South Island in the town of Balcutha.
The France-based food giant saw its sales and profits rise in 2017. The company said its early life nutrition business saw its sales grow “nearly 10%” amid a rebound in demand in China.
just-food analysis: Five things to learn from Danone’s 2017 results
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