Finland: Fazer invests $468 million in new chocolate factory in Lahti

Fazer, the leading Finnish bakery and confectionery firm, has announced plans to invest €400 million ($468 million) in the construction of a new chocolate factory in Lahti.

Covering around 33,300 sq m, the new facility will bring together Fazer’s chocolate expertise with automated production lines and innovative technology, enabling the creation of entirely new product types, the company said in a statement.

Commenting on the move, Fazer Group president and CEO Christoph Vitzthum said: “The investment of approximately EUR 400 million is the largest in Fazer’s history and it is also significant from a Finnish food industry perspective. The new factory will support both our domestic as well as international growth and demonstrates our strong belief in the competitiveness of Finnish food production also in the international markets”.

The construction phase will begin in summer, and the facility is scheduled to be operational in 2028.

Source: Fazer