Northfield / IL. (kf) Kraft Foods Inc. officially opened its new European Biscuit Research and Development Centre in Saclay, France, a suburb of Paris. This new facility will support product development for many of Europe´s most beloved biscuit brands, including LU, belVita, Oreo, Mikado, Prince, Saiwa and TUC. Kraft Foods Chairman and CEO Irene Rosenfeld was on hand for the ribbon cutting, which represents the culmination of a two-year-project, with a total investment of 15 million EUR (approximately 20 million USD).
«France is an important market for biscuits in Europe and for Kraft Foods´ snacking business globally. This investment makes good business sense, supporting us in our efforts to drive future biscuit innovation and growth», said Timothy P. Cofer, President, Kraft Foods Europe. «Consumers in Europe and around the world have long enjoyed our exceptional biscuit brands and, with the support of this new Center, we will be able to create many more delicious snacking moments for our consumers for years to come».
Kraft Foods is the biscuit market leader in Europe with more than 15 percent market share, driven by beloved heritage brands and a strong focus on innovation. In 2011, Kraft Foods´ European Biscuit business has been growing more than two times faster than the European biscuits market overall. This growth is fuelled by the company´s investment in consumers´ favourites such as LU, Oreo and belVita, driven by the recent relaunch of the iconic LU brand, the successful introduction of the innovative belVita breakfast biscuit, and the expansion of the «world´s favourite cookie», Oreo, into major markets across Europe.
The investment by Kraft Foods in this new Biscuit R+D Center in Saclay further demonstrates the company´s commitment to snacking, and to snacking-related innovations in the areas of nutrition + wellness and indulgence. In addition, the Center will support the company´s focus on sustainability, building upon the success of the «LU Harmony» program in France.
The Center in Saclay will be home to a team of 120 talented people, including researchers, engineers, nutritionists, baker-pastry cooks, and product and packaging developers dedicated to supporting the European biscuit business. The center joins eleven other Kraft Foods R+D centers that support Kraft Foods´ businesses around the globe.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Pizza Hut: Pilots New Restaurant Design in Texas
- SSP Group: Announces Preliminary Results 2024
- Strauss Group: Reports Third Quarter 2024 Results
- Compass Group: 2024 another year of strong performance
- Middleby: Acquires Gorreri Food Processing Technology
- Nomad Foods: Reports Q3-2024 Financial Results
- TreeHouse Foods: Reports Q3-2024 Financial Results
- Aramark: Reports Earnings Results for Fiscal 2024
- Lesaffre Group: strengthens RDI with French start-up
- J+J Snack Foods: Reports Q4 Fiscal 2024 Results
- Hershey: Reports Third-Quarter 2024 Financial Results
- Reborn Coffee: Provides Q3-2024 Corporate Update
- PepsiCo: to acquire full ownership of two Strauss JVs
- Cargill: transforms Singapore Innovation Center
- Automation: Circus SE intends to acquire Campo Group
- Brenntag SE: reports volume and gross profit growth in Q3
- Ülker Bisküvi: announces 9M-2024 financial results
- SSP Group: reports Fourth Quarter Trading Update 2024
- Walmart: Releases Q3-2025 Financial Results
- ADM: Reports Third Quarter 2024 Financial Results