Danone launches venture<\/p>\n
PARIS (Reuter): French food group Danone officially launched a
\njoint venture yesterday, PT Danone Biscuits Indonesia, which
\nstarted producing and marketing crackers, wafers and sweet
\nbiscuits under the Danone brand in October.<\/p>\n
The company said in a statement its regional holding firm
\nDanone Asia Pte Ltd controls 56 percent of the venture, with the
\nbalance held by PT ABC Central Foods, an Indonesian sauce maker.<\/p>\n
The production plant, located in Karawang, 75 kilometers from
\nJakarta, required an initial investment of US$20 million.<\/p>\n
The plant represents Danone's first investment in Indonesia, a
\n"priority area" for the group in Asia, Vice-Chairman and
\nPresident Franck Riboud said in the statement.<\/p>\n
A Danone spokesman said it was premature to provide details on
\noutput as the plant was just starting up.<\/p>\n
But he said the Indonesian biscuit market had grown more than
\n10 percent annually over the last five years.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/danone-launches-venture-1447893297",
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