Fuchs, the German spices and seasoning specialist, has announced plans to invest in Romania to expand and upgrade its existing manufacturing assets.
In a statement, the company said the investment of more than €14 million ($15 million) would go towards the construction of a new production building with state-of-the-art facilities.
The move is intended to “accelerate [the company’s] ambitious growth targets in the branded and private label business in the Romanian market”, Fuchs added.
At a foundation-laying ceremony, Fuchs CEO Nils Meyer-Pries said: “The expansion is symbolic of our determination to consolidate our position as the market leader in Romania while expanding our business internationally. With this investment, we underline our commitment to delivering the highest quality and innovation to our customers”.
Construction of the facility is set to be complete in 2024.