POLITICS

Danone invests $40 million in Quebec Greek yogurt manufacturing plant

09/06/2013 02:44 EDT | Updated 11/06/2013 05:12 EST
BOUCHERVILLE, Que. - Danone is investing $40 million over five years to consolidate the production of its Oikos Greek yogurt after receiving a $5 million interest-free loan from the Quebec government.

The company says it has purchased equipment to help with the manufacturing and packaging of the yogurt at its head office plant on the south shore of Montreal.

The investment will create 10 direct jobs on top of the 15 already in place at the facility, plus 250 indirect jobs in the region.

"This investment not only confirms Danone's role as a major agent of economic development in Quebec, but reasserts its leadership as the country's largest yogurt producer," stated Nick Krzyzaniak, president and CEO of Danone in Canada.

Quebec Premier Pauline Marois and Industrial Policy Minister Elaine Zakaib both attended the announcement.