Danone in Canada announced a $40 million investment in its Boucherville head office plant for the production of its OIKOS Greek yogurt.
September 13/Boucherville, Que./Press Release -- Danone in Canada announced, alongside Pauline Marois, premier of Québec, and Élaine Zakaïb, minister for Industrial Policy and the Banque de développement économique du Québec, a $40 million investment in its Boucherville head office plant for the production of its OIKOS Greek yogurt, with the support of Investissement Québec, which is contributing by means of a $5 million interest-free loan.
Building on the success of OIKOS, a brand that is increasingly popular with Quebec consumers, Danone has acquired leading-edge precision equipment that provides great versatility in the manufacturing and packaging of its product. "This investment not only confirms Danone's role as a major agent of economic development in Québec, but reasserts its leadership as the country's largest yogurt producer," said Nick Krzyzaniak, president and CEO of Danone in Canada.