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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:18

Fazer plans to invest more than EUR 5 mln in new production facilities

BC, Riga, 20.03.2015.Print version
The Finnish bakery Fazer plans to create 40 new jobs at its new plant in Latvian Ogre, while the amount of investments in the project could exceed EUR 5 million, the company informed LETA.

The company's spokeswoman Baiba Gulbe says that all production lines have been transferred to the bakeries in Ogre and Kaunas. Thus, Fazer consolidation project has been concluded in the Baltic States.

 

As part of the project, Fazer production unit in Ogre has been expanded by transforming the current lines and setting up a new bread production line. Meanwhile, construction of the new frozen cake and confectionery plant is still in progress, which is one of the company's largest development projects in the Baltic States.

 

Fazer Bakery Baltic managing director Mindaugas Snarskis says that Fazer has accomplished an important project to secure its positions on the Latvian and Baltic bread markets in the long term. Meanwhile, frozen cake and confectionery exports will begin in the fall of 2015.

 

"We are currently looking for new employees for both the bakery and the new factory," Snarskis said.

 

Fazer Bakery Baltic production consolidation process began in September 2014. Since then, the company has expanded its bakeries in Ogre and Kaunas by transforming the current production lines and setting up new ones. From now on, Fazer bakeries in Ogre and Kunas will supply bread to all three Baltic States – Estonia, Latvia, and Lithuania.

 

As reported, Fazer Latvija turnover in 2013 was EUR 18.41 million. Fazer Latvija is one of the leaders in the bread market that operates under two brands – Fazer and "Druva". The company currently employs more than 250 people, and is the largest employer in Ogre.






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