BELGRADE, Serbia, April 19 (SeeNews) – Switzerland-based cocoa and chocolate products maker Barry Callebaut plans to invest 50 million euros to build a chocolate factory in Novi Sad, northern Serbia, Serbia’s Ministry of Economic Affairs said .
Barry Callebaut has signed a Memorandum of Understanding (MoU) with the Serbian Ministry of Economic Affairs on the construction of the factory, in which 100 jobs are to be created, the Ministry of Economic Affairs said in an email on Thursday.
The new production facility, which is expected to be operational through 2021, will be Barry Callebaut’s first chocolate factory in Southeast Europe and is expected to have an initial production capacity of over 50,000 tons per year, Barry Callebaut said in a separate statement.
“With the new factory in Novi Sad, in line with our ‘smart growth’ strategy, we will be able to expand our presence in the region and provide both current and new customers with a wide range of chocolate, compound and filling products serve as a regional hub from which Barry Callebaut can serve the rapidly growing chocolate markets of Southeast Europe, “said CEO Antoine de Saint-Affrique.
The company, headquartered in Zurich, also intends to set up a research and development center in Serbia, the country’s Ministry of Economic Affairs said.
Barry Callebaut supplies its products to some of the world’s leading pastry chefs such as Nestle and Mondelez. The company operates around 60 production sites worldwide and employs more than 11,500 people worldwide.
($ = 0.8894 euros)