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Danone Expects Significant Growth In West African Dairy Market

May 24, 2017: 12:00 AM EST
Though African sales of fresh dairy products, early life nutrition, and waters, account for only five percent of Danone’s overall revenues, company expects substantial growth. With partner investors the Abraaj Group, company spent $25 million to build three production lines at subsidiary Fan Milk (Accra, Ghana), whose growth has been strong thanks to robust demand for dairy products in West Africa, including Côte d’Ivoire, Burkina Faso, Togo, Benin and Nigeria. Larger factory capacity will be used to produce drinkable yogurt brand FanMaxx with four-month shelf life. Company says it expects to expand further in region.
Jim Cornall, "Danone and Abraaj Group Expand Fan Milk capacity in Ghana to Launch New Product", DAIRYreporter.com, May 24, 2017, © William Reed Business Media SAS
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