Newest investment builds on $1 billion set aside for manufacturing investment
Mars Chocolate North America has unveiled plans to reinvest $70 million in its U.S. supply chain, building on the company’s earlier commitment to invest $1 billion in U.S manufacturing operations over the past five years. As part of its latest pledge, Mars said it plans to add approximately 250 new jobs to sites across the United States, ensuring that more than 95% of Mars’ chocolate products for the United States are made in this country.
Nestlé is continuing to invest in Europe with the inauguration of a new GBP 35 million (over CHF 49 million) water bottling facility in the United Kingdom.
By 2050 the world´s food supplies will need to sustain around nine billion people. According to the Food and Agriculture Organization of the United Nations, in order to meet this goal annual investment totalling 83 billion Dollars is required.
Nestlé has completed a EUR 6 million (more than CHF 7 million) investment in new manufacturing lines at its condensed milk products factory in Pontecesures, Spain, increasing production by 50 percent.
Following the divestment of its European consumer business, Barry Callebaut is further strengthening its footprint in Region Europe. Over the next few months, the company will invest nearly €22 million to upgrade and expand existing facilities. The majority of these investments is planned for 2011 and will be fully operational as of spring 2012.
International bakery group Lantmännen Unibake has completed the takeover of UK’s leading supplier of sweet and savoury pastries and specialty breads, Bakehouse by acquiring the remaining shares in the company.