FDBusiness.com

Fazer is investing €40 million in a new production facility at Lahti in Finland. The investment, which will take place in 2019-2020, will strengthen Fazer’s position as a forerunner in value added grain-based products. It will create 30 new jobs in Lahti.

Operating in eight countries and exporting to around 40 countries, Fazer produces bakery, confectionery, biscuit and grain products, plant-based meals, non-dairy products, on-the-go food and drinks as well as offering food and café services.

Christoph Vitzthum, president and chief executive of Fazer.

Christoph Vitzthum, president and chief executive of Fazer, says: “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 trend. Fazer develops its business and product portfolio with special focus on growth and consumer demand. Fazer’s aim is to transform into a modern sustainable food company. In line with company strategy, Fazer targets further expansion in Northern Europe and selected international markets. The investment in Lahti supports this direction.

During the past three years, Fazer has invested approximately €195 million in total, including €136 million in Finland.