Danone backs medical nutrition production in France [Yahoo! Finance]
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DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
Around €60m of the funds will go towards producing circa 30 recipes of Danone's oral nutritional supplement under its specialised nutrition range of Nutricia, at the Steenvoorde site in northern France. The 110-year-old site will produce roughly 20 million litres of medical nutrition per year, Danone's division which develops products for people with special medical needs. Antoine de Saint-Affrique, CEO of Danone, said: “Nutritional needs change as people grow, age and face health challenges and at Danone we believe that we have a responsibility to help generations live as healthily as possible. We are continually innovating, investing and utilising our 125 years of expertise to develop products that are adapted to the growing nutritional needs of millions of patients around the world. “This investment is also in line with our Renew Danone strategy and shows our commitment to accelerating our adult medical nutrition product offering to meet healthcare demands and serve more pat
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