:. Food Industry News


Sweden: Cloetta Fazer to Invest SEK 270 Million in Two New Chocolate Lines

Source: Cloetta Fazer
27/11/2007

27 November 2007 - Cloetta Fazer has a strong position in the Nordic chocolate market with brands like Karl Fazer, Kexchoklad, Dumle, Geisha, Center and Polly.

Daily News Alerts

Sales of the prioritised brands have increased in recent year, creating a need for additional capacity in the company’s chocolate manufacturing. Cloetta Fazer has therefore decided to invest in two new chocolate lines, one at the factory in Vantaa, Finland, and on at the factory in Ljungsbro, Sweden. This will enable the company to continue its focus on the strong brands while at the same time optimising efficiency in the existing chocolate manufacturing. The total investment amounts to SEK 270 million.

Cloetta Fazer has four production facilities, of which two are located in Sweden and two in Finland. In Finland, the Vantaa factory produces chocolate products and the factory in Lappeenranta sugar confectionery. In Sweden, the Ljungsbro factory is focused primarily on chocolate products and Karamellpojkarna’s factory in Alingsås on throat lozenges, toffee and lollipops.

“Because chocolate is currently the most expansive segment of market, we will continue to focus on development of our prioritised brands and aim to offer interesting new chocolate products to the consumers,” says Cloetta Fazer’s CEO Jesper Åberg.

Cloetta Fazer has a leading position in several geographical markets and its key brands have grown in recent years.

“New product launches, delivery reliability and high quality are key success factors, and this investment in our own Nordic factories will give us the necessary conditions to achieve all of these,” says Jesper Åberg.

The investment in two new production lines is one of the largest in the company’s history and is a vital component of Cloetta Fazer’s growth strategy. The first products from the new lines will reach the market in 2009.

The average number of employees in the Cloetta Fazer Group is 1,500, of whom approximately 600 work in Vantaa and 370 in Ljungsbro.

Kexchoklad, Center and Polly are the largest volume products at the Ljungsbro factory in Sweden, while Karl Fazer, Dumle and Geisha are largest at the Vantaa factory in Finland.



GO   View more articles on this subject


More Alerts from 28/11/2007


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Cloetta Fazer Reports Higher Sales but Lower Profit...
Cloetta Fazer EGM Approves Demerger
Cloetta Fazer AB to De-Merge into Cloetta and Fazer...
Owners' Row Leads Cloetta Fazer to Postpone AGM
Cloetta Fazer: Increased Sales, First Quarter Earnings...
Fazer Sells Candyking to Accent Equity
Cloetta Fazer Acquires Chewing Gum Maker Fennobon
Cloetta Fazer Reports Increased Sales but Lower Operating...
Cloetta Fazer Acquires Swedish Confectionery Company...
Cloetta Fazer : Unchanged Sales, Higher Manufacturing...

More in Food Industry News
India Allows Immediate Exports of Premium Rice Grade
China: Huifeng Bio-Pharmaceutical Enters into Letter...
USA: Wright Unaffected by Hurricane Gustav
USA: Tracking and Taming a Tomato Virus
Morrison to Top UK Grocery Growth League
Canada: Various Cheese Products Produced by Ivanhoe...
Singapore's Trump Dragon Falls 3.2 pct on Debut
Renovo Holdings Changes Name to Bebida Beverage Company
Turkey: Ülker Sees 18% Sales Growth This Year...
BENEO-Orafti to Increase Prices by 25% for Orafti Products...

Top Headlines
India Allows Immediate Exports of Premium Rice Grade
China: Huifeng Bio-Pharmaceutical Enters into Letter...
USA: Wright Unaffected by Hurricane Gustav
Morrison to Top UK Grocery Growth League
Turkey: Ülker Sees 18% Sales Growth This Year...
BENEO-Orafti to Increase Prices by 25% for Orafti Products...
Martek Announces Third Quarter 2008 Financial Results
India Guar Futures Lower on Higher Acreage
Ghana to Open Main Cocoa Crop Early - Officials
Major Croat Retailers Cut Prices After PM's Attack
Spain: SOS Cuetara May Sell Biscuit Unit and Regional...
SunOpta Announces Strategic Review Process, Company...
Bisphenol A Linked to Metabolic Syndrome in Humans
WTO Rules Largely Against Mexico in Olive Oil Fight
Former Zuka and Jamba Juice Exec Launches Roxberry...
Kellogg Stands by 2008 Earnings Forecast
AarhusKarlshamn Acquires Rapsona AB
Nestle to Transfer Bucharest Ice Cream Production to...
Wal-Mart Leads Better Sales for US Discount Retailers
China: Vitamin C Exports Grow 17.3% in H1 2008
The Pepsi Bottling Group Confirms Third Quarter and...
Dean Foods' Tennessee Subsidiary Mayfield to Cut 100...
Salt Replacing Composition, Process for Its Preparation...
Low Trans Fatty Acid Shortening Compositions
Unsubstituted and Polymeric Leuco Colorants for Coloring...


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228