Swiss Barry Callebaut to build €50mn chocolate factory in Serbia

Swiss Barry Callebaut to build €50mn chocolate factory in Serbia

By bne IntelliNews April 20, 2019

Swiss-based cocoa and chocolate products manufacturer Barry Callebaut said it plans to invest €50mn in the construction of a chocolate factory in the northern Serbian city of Novi Sad.

This will be Barry Callebaut's first chocolate factory in SEE. It should be operational by 2021 and will have an initial annual production capacity of 50,000 tonnes. The factory will employ 100 people.

“With the new factory in Novi Sad, in line with our ‘smart growth’ strategy, we will be able to expand our footprint in the region and supply current as well as new customers with a wide range of chocolate, compound and filling products. The factory will serve as a regional hub from which Barry Callebaut can address the rapidly growing chocolate markets of Southeastern Europe,” Antoine de Saint-Affrique, Barry Callebaut’s CEO, was quoted as saying in the press release.

The company also plans to set up a research and development centre in Serbia.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Ethnic Serbs close shops in Kosovo’s north in protest over 100% import tariffs

Shops in the northern part of Kosovo, populated mainly by ethnic Serbs, have been closed since the morning of July 1 in a protest against the 100% tariffs imposed by Pristina on Serbian products, ... more

Mid Europa sells Serbian mineral water producer Knjaz Milos to KMV and PepsiCo

Mid Europa Partners said it has agreed to sell Serbian mineral water producer Knjaz Milos to a joint venture between Karlovarske ... more

Serbia calls tender for privatisation of Komercijalna Banka

Serbia’s government launched a tender for the privatisation of the country's second-largest bank, Komercijalna Banka, on ... more

Dismiss