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Danone pins high hope on Asia

Paris, Oct. 28 (AFP): French food producer Danone has seen an “incredibly strong” resumption of growth in its operations in India, China, Indonesia and to lesser extent in Malyasia, chairman Franck Riboud said in an interview with today’s edition of French business newspaper La Tribune.

Danone still expected 50 to 60 per cent of its growth to come from the 40 per cent of its operations that are in developing countries, he said.

“We are trying to play on the differences in economic cycles. For example, at the moment Argentina is not going well, Mexico continues to perform well, Brazil neither well nor badly.

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