ZURICH, SWITZERLAND--(Marketwire - Oct 31, 2012) -
Barry Callebaut AG /
Barry Callebaut to build chocolate factory in Turkey
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Further geographic expansion
* Building new chocolate and compound factory in Eskisehir, Central
Anatolia, Turkey
* Production facility with an initial capacity of 15,000 tonnes to open
mid-2013
* Tapping the potential of a fast growing local chocolate market
Barry Callebaut, the world's leading
manufacturer of high-quality cocoa and chocolate products, announced today
the
building of a factory for chocolate and compounds in Eskisehir, Turkey. The
new
facility will serve as a basis to participate in the further growth
potential of
the Turkish chocolate market as well as to capture opportunities in the
regional
market.
Situated in Turkey's Central Anatolia region, the location in Eskisehir is
close
to existing and potential confectionery customers of Barry Callebaut. The
total
investment is about CHF 15 million (EUR 12 million / USD 16 million). The
new
factory will have an initial capacity of 15,000 tonnes and offer about 50
new
jobs. Barry Callebaut's new site in Turkey is scheduled to open mid-2013.
Juergen Steinemann, CEO of Barry Callebaut, said: "The building of a new
state
of the art chocolate factory in Turkey is another major step in tapping the
potential of a rapidly growing region. It's in line with our strategy to
further
expand our geographic presence to markets that offer above-average growth
opportunities. The new production facility will also help to foster our
position
in the region."
To further grow in the Eastern European region, Turkey is an important
market
for Barry Callebaut. Currently the yearly chocolate consumption is rather
low
with less than 2 kg per capita; but it is growing very fast at an annual
rate of
+7% per annum.[1] There is an increasing demand for high-quality chocolate
and
compound products as well as for technical services and new innovations.
***
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0
billion) for
fiscal year 2010/11, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to
the
finished chocolate product. Barry Callebaut is present in 27 countries,
operates
around 40 production facilities and employs a diverse and dedicated
workforce of
about 6,000 people. Barry Callebaut serves the entire food industry
focusing on
industrial food manufacturers, artisans and professional users of chocolate
(such as chocolatiers, pastry chefs or bakers), the latter with its two
global
brands Callebaut® and Cacao Barry®. Barry Callebaut is the global
leader in
cocoa and chocolate innovations and provides a comprehensive range of
services
in the fields of product development, processing, training and marketing.
Cost
leadership is another important reason why global as well as local food
manufacturers work together with Barry Callebaut. Through its broad range
of
sustainability initiatives and research activities, the company works with
farmers, farmer organizations and other partners to help ensure future
supplies
of cocoa and improve farmer livelihoods.
***
[1] Source: Euromonitor.
The complete news release can be downloaded from the following link:
Press Release (PDF):
http://hugin.info/100441/R/1653597/534066.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Barry Callebaut AG via Thomson Reuters ONE
[HUG#1653597]