Helsinki / FI. (fg) Finland’s Fazer Group continues to develop its business and invests 40 million EUR into a new production facility in Lahti. The investment will strengthen Fazer’s position as a forerunner in value added grain-based products. It will create 30 new jobs in Päijät-Häme, South Finland.
Christoph Vitzthum, President and CEO of Fazer, said: «Plant-based products and solutions are strategic growth areas for Fazer. 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.»
Consumers are increasingly interested in plant-based solutions, and sustainability is a constantly growing trend. Fazer develops its business and product portfolio with special focus on growth and consumer demand. 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.
This major investment will take place in 2019 to 2020. It will create 30 new jobs at Fazer in Lahti, and will also indirectly employ people. Works at the Fazer site in Lahti will start as soon as possible.
During the past three years, Fazer has invested approximately 195 million EUR in total, including 136 million EUR in Finland.