€150m in additional exports arising from Danone investment

UP to €150 million in additional exports will result from the €50m investment at Danone’s baby milk formula plant in Macroom, Co Cork, when the new plant is commissioned in February 2012.

On top of that, it will result in a trebling of raw material spend to €65m over the next three years, Minister for Enterprise, Trade and Innovation Batt O’Keeffe said yesterday.

The investment announced just before Christmas means that the number of babies in the world being fed on Irish milk formula will rise from the current ratio of one in seven to one in five, the minister said.