The Fazer Group has announced its plans to invest €40 million into a new production facility in Lahti, Finland. The investment will strengthen Fazer’s position as a forerunner in value-added grain-based products, as well as creating 30 new jobs in Lahti.
Photo: Fazer
Christoph Vitzthum, President and CEO of Fazer, said: “Plant-based products and solutions are strategic growth areas for Fazer. We want to be a forerunner in value-added grain-based products and we are investing in the development of new production technologies and solutions. We now have at hand an innovation which we believe will create interest also outside Finland and the Nordic countries, even globally. This investment contains several new and interesting initiatives which we will publish in March.”
Consumers are increasingly interested in plant-based solutions, and sustainability is a constantly growing priority. Fazer says its aim is to transform into a modern sustainable food company. In line with this strategy, the company is targeting further expansion in Northern Europe and selected international markets. The investment in Lahti supports this.
This major investment will take place in 2019-2020, with work at the site to start 'as soon as possible'.
During the past three years, Fazer has invested approximately €195 million in total, including €136 million in Finland.
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