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Danone to invest in Canada to meet yogurt demand
Yahoo Financeยท 2025-11-17 10:39
Core Insights - Danone has announced a significant investment in a yogurt factory in Boucherville, Quebec, Canada, to address the increasing demand for yogurt in the country [1][2] - The investment is described as Danone's largest in Canada, aiming to enhance yogurt tub output by 40% and raw milk processing capacity by 20% [1][2] - The new production line is expected to commence operations next year, with a focus on modernizing energy usage at the site [2] Company Performance - In Q3 2025, Danone's sales in North America increased by 1.5% on a like-for-like basis, with a volume/mix growth of 0.3% [3] - The company noted challenges in the plant-based category, particularly in drinks under the Silk and Alpro brands, while high protein products showed strong momentum [3] - Earlier expansions were also announced for plants in the US and Kazakhstan, indicating a broader growth strategy [3] Recent Developments - In August, Danone revealed plans for a multi-million-dollar investment to expand its yogurt factory in Minster, Ohio, which will include a new production line and create 30 full-time jobs [4] - The company is also set to more than double the output of its manufacturing plant in Kazakhstan, further emphasizing its growth initiatives [4]