According to Russia’s Prime Tass, French giant Danone‘s Russian subsidiary doubled its 2001 dairy output in Russia to 50,000 tones.

James Dwier, the company’s director for Russia, said they had plans to further increase output by 60% during 2002.

Danone owns two factories in Russia, one in the city of Chekhov in the Moscow region and another in the city of Tolyatti in the Samara region.

During 2001, the European Bank for Reconstruction (ERB) provided a US$7m loan to the Russian financial institution Small Business Credit Bank (KMB).

The loan allowed KMB to provide sub-loans and/or sub-leases to Russian dairy farms selected by Danone to finance acquisition of dairy equipment.  The ERB financed project will help Danone secure a stable supply of quality milk and assist the dairy farms in improving the productivity and quality of their operations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.