French food company Danone will double production at its Airport Oaks infant formula plant in New Zealand, following a NZD25m ($18.3m) investment. The investment comes as part of the company’s investment programme in New Zealand, which began with the acquisition of the Balclutha spray dryer and the Airport Oaks blending, packing and canning facilities in 2014. Danone has spent NZD85m on an expansion program in expectation of increased demand from markets such as China. The investment is part of the company's plan to expand into China and other emerging markets.
French food company Danone will double production at its Airport Oaks infant formula plant in New Zealand, following a NZD25m ($18.3m) investment. Danone has spent NZD85m on an expansion program in expectation of increased demand from markets such as China. The investment is part of the company's plan to expand into China and other emerging markets.