Danone ups investment stake in Russia

Continued investment is helping Danone to consolidate its position in the Russian dairy sector. Danone expects sales of its products in the country to reach around €380m by the end of 2006. Success is claimed in part to be due to an increasing number of sales channels through more exclusive distributors. The company held a 24.8 per cent share of the Russian dairy market in 2005, with turnover in dairy sales rising through the year by 30 per cent.

Full article at CEE-foodindustry.com