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Danone Spends Millions To Prepare Evian Bottling Plant For Growth

September 12, 2017: 12:00 AM EST
In a move to facilitate increased production capacity and product growth, Danone is spending €280 million ($335 million) to modernize the Evian bottled water plant in Evian-les-Bains, France, by 2020. CEO Emmanuel Faber said the company, pressured by investors to produce better returns, expects sales to continue double-digit growth rates in the U.S. as consumers spurn sugary soft drinks and governments use taxation to discourage sugar consumption. Euromonitor forecasts a global bottled water market of $230 billion by 2021, an increase of 16 percent. Modernization of the Evian plant is expected to boost annual output capacity to two billion bottles, from current 1.5 billion.
Dominique Vidalon, Pascale Denis, "Danone eyeing solid Evian sales thanks to modernized plant", Reuters, September 12, 2017, © Thomson Reuters
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