ZURICH, SWITZERLAND--(Marketwire - Oct 31, 2012) -
Barry Callebaut AG /Barry Callebaut to build chocolate factory in Turkey. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement.
Further geographic expansion
* Building new chocolate and compound factory in Eskisehir, CentralAnatolia, Turkey
* Production facility with an initial capacity of 15,000 tonnes to openmid-2013
* Tapping the potential of a fast growing local chocolate market
Barry Callebaut, the world's leadingmanufacturer of high-quality cocoa and chocolate products, announced todaythebuilding of a factory for chocolate and compounds in Eskisehir, Turkey. Thenewfacility will serve as a basis to participate in the further growthpotential ofthe Turkish chocolate market as well as to capture opportunities in theregionalmarket.
Situated in Turkey's Central Anatolia region, the location in Eskisehir iscloseto existing and potential confectionery customers of Barry Callebaut. Thetotalinvestment is about CHF 15 million (EUR 12 million / USD 16 million). Thenewfactory will have an initial capacity of 15,000 tonnes and offer about 50newjobs. Barry Callebaut's new site in Turkey is scheduled to open mid-2013.
Juergen Steinemann, CEO of Barry Callebaut, said: "The building of a newstateof the art chocolate factory in Turkey is another major step in tapping thepotential of a rapidly growing region. It's in line with our strategy tofurtherexpand our geographic presence to markets that offer above-average growthopportunities. The new production facility will also help to foster ourpositionin the region."
To further grow in the Eastern European region, Turkey is an importantmarketfor Barry Callebaut. Currently the yearly chocolate consumption is ratherlowwith less than 2 kg per capita; but it is growing very fast at an annualrate of+7% per annum. There is an increasing demand for high-quality chocolateandcompound products as well as for technical services and new innovations.
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0billion) forfiscal year 2010/11, Zurich-based Barry Callebaut is the world's leadingmanufacturer of high-quality cocoa and chocolate - from the cocoa bean tothefinished chocolate product. Barry Callebaut is present in 27 countries,operatesaround 40 production facilities and employs a diverse and dedicatedworkforce ofabout 6,000 people. Barry Callebaut serves the entire food industryfocusing onindustrial food manufacturers, artisans and professional users of chocolate(such as chocolatiers, pastry chefs or bakers), the latter with its twoglobalbrands Callebaut® and Cacao Barry®. Barry Callebaut is the globalleader incocoa and chocolate innovations and provides a comprehensive range ofservicesin the fields of product development, processing, training and marketing.Costleadership is another important reason why global as well as local foodmanufacturers work together with Barry Callebaut. Through its broad rangeofsustainability initiatives and research activities, the company works withfarmers, farmer organizations and other partners to help ensure futuresuppliesof cocoa and improve farmer livelihoods.
 Source: Euromonitor.
The complete news release can be downloaded from the following link:
Press Release (PDF):http://hugin.info/100441/R/1653597/534066.pdf
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Source: Barry Callebaut AG via Thomson Reuters ONE
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