The FINANCIAL — Danone announced on December 2 that it is investing 240 million euros to build a new plant for its Early Life Nutrition business. The state-of-the-art facility will be built in Cuijk in the Netherlands, and will start production in late 2017, according to Nasdaq.
With this investment, Danone will capitalize on strong and growing demand for its international early life nutrition brands, including Aptamil and Nutrilon, for both standard and specialized products.
Danone said the new plant is its largest investment in its European production capabilities, and will double its capacity in the Netherlands. Output will be exported to more than 80 countries worldwide.
Felix Martin Garcia, Executive Vice President of the Danone Nutricia Early Life Nutrition division said, “… It is consistent with our 2020 roadmap calling for strong, profitable and sustainable growth.”
Separately, Danone announced the execution of a final sale agreement of Dumex in China to Yashili, for a total 150 million euros. This transaction remains subject to the approval of the relevant authorities and of Yashili shareholders.
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