Fazer Group plans to invest €40 million in a new production facility in Lahti, Finland, to move further into the plant-based product market.
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.
“Plant-based products and solutions are strategic growth areas for Fazer,” says President and CEO Christoph Vitzthum. “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.”
This investment will occur in 2019-2020, creating 30 new jobs. Work at the Fazer site in Lahti will start as soon as possible.
During the past three years, Fazer has invested approximately €195 million in total, including €136 million in Finland.