Yakult, the Japanese probiotic dairy drink manufacturer has announced the opening of its second production facility in the Philippines. Built at a cost of 2 billion PHP ($34 million), and located in El Salvador, Mindanao, the new facility sits on a site of roughly 42,000 sq m, and will produce drinks under the Yakult brand and later also Yakult Light. “Yakult Philippines Plant 2 will respond to an increase in …
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French dairy multinational Danone has announced that it has decided to sell the majority of the stake it owns in probiotic dairy drink firm Yakult as it “enters a new phase in its strategic partnership” with the Japanese firm. According to reports, Danone will sell its 21.29% stake for around $1.9 billion, before participating in a share buyback scheme through which it is targeting a total of 7% of Yakult’s …
Probiotic dairy drink manufacturer Yakult Honsha has announced the construction of a new plant in Foshan, Guangdong, China. According to Yakult, Guangzhou Yakult started construction on the Foshan plant in July. The new factory will produce Yakult and Yakult Light fermented milk drinks and will be the third plant for Guangzhou Yakult, and the sixth for the Yakult group, in China. “Guangdong Province is witnessing strong demand for Yakult in …
French food and drinks group Danone is said to be mulling the sale of its stake in the Japanese firm Yakult Honsha Co., according to a report from Bloomberg. Internal discussions have taken place at Danone to sell the company’s 20% stake in the fermented drinks company, Bloomberg’s source reports, although no final decision has yet been taken. Yakult’s current market value is about 1.1 trillion yen ($9.4 billion), making …
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