Fazer, the Finnish food and confectionery giant, has signed a Memorandum of Understanding (MoU) with Reliance Consumer Products Ltd (RCPL) to explore a strategic partnership focused on the Indian market. RCPL is the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures Limited, India’s largest retailer. The proposed collaboration aims to leverage Fazer’s heritage in chocolate and confectionery, alongside RCPL’s extensive distribution network and local market expertise. Through the partnership, …
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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 …
Fazer, the leading Finnish bakery and confectionery firm, has invested €11 million ($12.5 million) in a new state-of-the-art rye bread line to expand production capacity at its Lahti facility. Founded in 1891, Fazer is one of Finland’s largest food industry corporations, with facilities in Vantaa, Lahti, and Lappeenranta. The company operates 139 in-store bakeries within grocery shops and employs approximately 1,600 people, including 450 at its Lahti bakery. The new …
Gama spoke to Annika Porr, Senior Manager, Forward Lab, Fazer. Read the full Industry Insight in the next issue of Gama News. How is Fazer responding to the major consumer trends currently shaping the food industry? At Fazer, we’re seeing several consumer trends that are significantly influencing how we innovate, particularly the demand for quality, innovation, health & well-being and sustainability. Consumers today want brands they can trust, so consistency …
The latest innovation insight from Gama Compass MANCHESTER – 7th March 2024: In this month’s Innovation Insight, we look at a technological innovation that may provide an intriguing glimpse into the future of food, in the form of a confectionery bar containing precision-fermented protein – Fazer Taste The Future Chocolate Snack Bar. Launched as a limited release in select sweets retailers in Singapore, Fazer Taste The Future Chocolate Snack Bar …
Fazer, the leading Finnish food group, has announced it will be ceasing dairy production at the Koria factory in southern Finland by the end of August 2023, with 82 jobs expected to be affected. Fazer noted it was only a small player in the highly-competitive Finnish dairy industry, mainly producing private label products, and that the changes were part of its strategy to focus on its core plant-based business. “Efficiency …
Fazer, the leading Finnish bakery and confectionery firm, has announced the acquisition of the Swedish plant-based drink producer Trensums Food from Profuragruppen for an undisclosed sum. Trensums Food is a growth company and a leading oat drink producer in Europe, the company was the first in the world to commercially produce oat drinks selling its products to a large part of the world. The acquisition will provide Fazer with a …
Fazer, the Finnish dairy and confectionery firm, is considering closing a production facility for its Yosa brand of oat-based products, according to a FoodBev report. The plant in Kaarina, south-west Finland, is reportedly being shut as part of an efficiency drive, with production moving to another manufacturing site in the town of Koria. While noting that non-dairy oat-based products were playing a “key role” in the development of the business, Heli …
Fazer, the leading Finnish bakery and confectionery firm, has announced it has agreed to Kaslink, a family-owned company specialising in Scandinavian cooking products, drinks and snacks, for an undisclosed sum. Kaslink’s product range includes Aito Oat Milk, Maire dairy products, Koria protein drinks, Vesi Water and Nordic Cuisine cooking sauces. The firm had net sales €65 million ($73 million) in 2018 and employs 170 staff. “With this acquisition, Fazer is …
Fazer, the Finnish bakery and confectionery firm, has announced the introduction of a new line of chocolate for the US market under the brand Nordi. Launching into the New York metropolitan area, the Nordi chocolate line is described as being made with 70% cocoa and comprises the varieties Sea Buckthorn & Salty Caramel, Hazelnut and Campsite Coffee, Raspberry & Tangy Licorice, and Smooth and Dark Original. Following its initial launch, …
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