Danone Romania added it expects single-digit growth for 2012.
The company invested over RON16 million last year in upgrades and working condition improvements, the company said in a press release.
“Compared to other European countries, dairy consumption in Romania is very low and the market has a huge growth potential,” said Dieter Schulz, Danone general manager for Central and Southern Europe.
The annual consumption of yoghurt in Romania is 5 kilos per capita, compared to 19 kilos in Bulgaria, 13 kilos in Poland, 11 kilos in Hungary and 35 kilos in France, Schulz told a news conference Wednesday.
The dairy maker has partnerships with 57 Romanian companies and over 90% of its products are made locally.
Danone Romania has 574 employees and is the market leader on the fresh dairy segment, according to the company’s own data. Danone has a production facility in capital Bucharest.
The French dairy group, active in 120 country, entered the Romanian market in 1996. Danone is own of the world leading companies in the food industry with sales of over EUR19 billion last year.
Danone invested over EUR300 million in Romania since it entered the market.