Support The Moscow Times!

Danone to Build Dairy Farms With Russian Partner

French food group Danone signed a deal Friday to co-fund the construction of dairy farms alongside Russian firm Damate to try to secure long-term milk supplies in the fast-growing Russian market.

The world's largest yogurt maker said it would provide financial support to the construction of several dairy farms in the central Tyumen region and the Bashkortostan republic. All milk produced by the farms will be sold to Danone's factories, Damate said in a statement. Danone has more than 20 plants in Russia and is the leading producer of milk and dairy products.

It did not provide the size of the planned investments. Damate earlier announced plans to invest a total of 14.4 billion rubles ($448.7 million) until 2017 into the construction of dairy farms in those regions.

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more