Danone: series of investments in China
(CercleFinance.com) - Danone has announced a series of investments totaling around 100 million euros to strengthen its local capacities and accelerate the development of its specialised nutrition division in China.
They cover the creation of an "open science" research centre in Shanghai, the acquisition of a local infant milk production site, and enhanced capacities to further develop its specialty food products for medical purposes.
In addition, Danone announced the B Corp certification of its infant nutrition subsidiary in China, marking an important step in Danone's aims to become a fully B Corp certified company by 2025.
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