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.