Danone Investing in Yogurt in Canada

Danone in Canada announced a $40 million investment in its Boucherville head office plant for the production of its OIKOS Greek yogurt.

September 13/Boucherville, Que./Press Release -- Danone in Canada announced, alongside Pauline Marois, premier of Québec, and Élaine Zakaïb, minister for Industrial Policy and the Banque de développement économique du Québec, a $40 million investment in its Boucherville head office plant for the production of its OIKOS Greek yogurt, with the support of Investissement Québec, which is contributing by means of a $5 million interest-free loan.

Building on the success of OIKOS, a brand that is increasingly popular with Quebec consumers, Danone has acquired leading-edge precision equipment that provides great versatility in the manufacturing and packaging of its product. "This investment not only confirms Danone's role as a major agent of economic development in Québec, but reasserts its leadership as the country's largest yogurt producer," said Nick Krzyzaniak, president and CEO of Danone in Canada.

"Today's announcement is further proof that Danone is firmly implanted in the community and plays an active part in the economic benefits of the region and of Quebec," said Muriel Pénicaud, member of the Danone executive commitee, general manager Human Resources and chair of the board of the Danone Ecosystem Fund. "Beyond our business activities, we firmly believe that eating a yogurt a day is healthy for everyone," Pénicaud added.

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