Food MNC CEO marvels at innovation.Pledge additional investment in the nation
French food giant Danone SA said it will continue to invest in China through products focused on health and sustainability, and develop further innovations at home for its domestic and international business.
The comments were made by Antoine de Saint-Africa, CEO of Danone SA, during his third visit to China this year, highlighting the importance of the Chinese market, the world’s second largest market, for Danone. There is.
“China is a very important market for Danone for several reasons. China is our second largest market, accounting for approximately 10% of Danone’s sales,” the CEO said. “It’s also the source of our innovation and talent.”
He says his impressions from multiple visits to local stores and hospitals were “very impressive.”
“The Chinese market is vibrant, sophisticated and innovative. This is a place where you can see science and innovation at work and where consumers are at the center,” he added.
Regarding China’s business environment, the CEO said that since Danone, a Chinese company with brands such as Mizone and Aptamil, entered the Chinese market over 30 years ago, it has seen the business environment improve every year. Ta.
He added: “The authorities are keen to change the regulatory landscape and bring it in line with international economic and trade rules.”
The CEO said the company has invested in China and will continue to do so.
“We are not only investing in production equipment, but more importantly in research, innovation and capabilities.”
Over the past few years, the company has witnessed continuous improvement in China’s business environment, he said.
“Continuous improvement will also help us continue to deliver better products to Chinese consumers faster,” he said.
In 2020, Danone opened a research and innovation center in Shanghai, with 12 patents pending or pending, and 9 digital health services invented. The company has invested in medical nutrition for adults, which has a direct impact on people’s health.
The company announced in its interim report that global net sales rose 8.4% in constant currency to 14.2 billion euros ($15.03 billion). The sales growth rate in the second quarter reached 6.4% compared to the same period last year.
In the second quarter in China, the company’s infant formula brand Aptamil continued its strong growth and further gained market share, while its adult nutrition and pediatric specialty products Nutrison and Neocate ‘ recorded strong growth. Mizon expanded its market share in the bottled water business, recording his mid-teens growth driven by volume.
De Saint-Affric, who is looking forward to the upcoming China International Import Expo, praised the event as a “great exhibition.”
“This is a double gate to the world,” the CEO said. “It is the world’s gate to China, and it is also the gate from China to the world.”