Danone and Damate plan to launch a joint enterprise at €400 mln
Danone and Damate have signed a contract for milk producing site construction. Several commercial dairy farms are planned to be built in Tyumen Region and Republic of Bashkortostan.
The produced at new sites milk will be sold to Danone processing factories. It is estimated to invest around 400 mln Euro into the project.
According to Andrey Danilenko, Chairman of the Board of Directors of the National Dairy Producers Union, the companies are launching the project at the time, when volumes of milk production and cows’ population in the country are decreasing. To break the negative tendency is possible by constructing modern high-tech dairy enterprises, believes Danilenko. The expert also expressed his hope that such initiatives will be supported by the government.
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