Danone Expands Minster Yogurt Factory to Meet US Demand
Danone, the global food giant, is expanding its Minster yogurt factory in Ohio with a multi-million-dollar investment. This move aims to boost production and meet the growing demand for nutrient-dense, high-protein yogurt in the US stock market today. The company's CEO, Antoine de Saint-Affrique, has acknowledged the need to improve market share in the US yogurt market, with high-protein products driving growth.
The expansion includes a 48,000 square-foot facility expansion, a new production line, and upgrades to existing lines. This will significantly increase capacity, with plans to boost milk procurement by 60% for the Minster facility over the next two years. Danone's North America business president, Dan Magliocco, has emphasized the company's commitment to American manufacturing, stating that they are dedicated to supporting local communities and farmers.
The company's unique portfolio in the US covers all offerings, with high-protein products currently leading the growth in the North American yogurt market. In the second quarter, Danone's sales grew 2.3% on a like-for-like basis to €1.6bn in its Essential Dairy and Plant-Based division in North America. This expansion is expected to create 30 new full-time jobs in the region.
Danone's expansion in Minster is a strategic move to capitalize on the growing consumer demand for high-protein yogurt. With increased production capacity and a commitment to local manufacturing, the company is well-positioned to improve its market share in the US yogurt market. The expansion also brings new job opportunities to the region, further demonstrating Danone's dedication to supporting local communities.
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