Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Danone Investing $700M

French food group Danone plans to invest about $700 million in Russia over the next five to seven years, aiming to increase capacity and take advantage of anticipated growth in a core emerging market.

"We are seeing a lot of opportunities for further development as dairy products consumption is significantly lower in Russia than in Western Europe," said Filip Kegels, president of Danone's Russian business.

The maker of Actimel and Activia yogurts stepped up Russian investment in 2010 by acquiring a majority stake in Unimilk and merging its Russian operations with the domestic player. Russia now accounts for 11 percent of Danone's sales, on a par with France.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more