ZURICH, SWITZERLAND and TOLUCA DE LERDO, MEXICO--(Marketwired - Jun 28, 2013) -
Reinforcing position as local market leader in industrial chocolate
* Barry Callebaut further strengthens its local presence, moving closerto customers in the Mexico City region
* Increased annual production capacity to 65,000 tonnes with a total investment of CHF 45 million (MXN 635 million / USD 48 million / EUR 37 million)(), creating more than 140 jobs
* Toluca as a strategic location to manufacture and distribute chocolate products for the local Mexican market as well as other markets inCentral America
Barry Callebaut AG, the world's leading manufacturer of high-quality cocoaandchocolate products, today officially inaugurated its expandedstate-of-the artchocolate factory located in Toluca, 65 km southwest from Mexico City.
As announced in June 2011, Barry Callebaut acquired the industrialchocolate andcompound production facility in Toluca from Chocolates Turin to furtherstrengthen the company's presence in fast-growing emerging markets. InJanuary2012, Barry Callebaut announced the expansion of the acquired factory basedonthe signing of a long-term outsourcing agreement with Grupo Bimbo.
Together with its chocolate factory in Monterrey (Mexico), the extension ofthefactory in Toluca marks an important cornerstone in Barry Callebaut'sstrategyto expand into emerging markets that offer above-average growthopportunities.For Barry Callebaut, it makes Mexico the fourth biggest country in terms ofliquid chocolate production capacity worldwide.
Dave Johnson, President of Barry Callebaut's Region Americas, said: "We areveryproud to further strengthen our local presence in Mexico with ourstate-of-the-art factory in Toluca, next to the country's economic center.Moving closer toour customers puts us in an even better position to continue opening up theMexican confectionery market. This attractive market is expected to growsignificantly over the next years."
Jesus Carlos Valencia, the General Manager of Barry Callebaut in Mexico,added:"Today's opening of our second local factory is a strong symbol of BarryCallebaut's commitment to the Mexican market. With the extended capacities,weare able to reinforce our position as the local leader as well as tofurtherbuild our market share in other countries in Central America."
With an annual production capacity of around 65,000 tonnes, Toluca will beamongthe largest factories within Barry Callebaut's global network, offeringmorethan 140 jobs. Since fiscal year 2011/12, the total amount invested in theToluca factory is approximately CHF 45 million (MXN 635 million / USD 48million/ EUR 37 million). Barry Callebaut's new factory in Toluca integrates ahighlevel of automation and meets the highest quality standards to guaranteemaximumfood safety.
Barry Callebaut established operations in Mexico in 2009 when it opened itsfirst chocolate factory in Monterrey, Nuevo Leon. After four years ofactivelybeing present in the domestic market, the company became the largestmanufacturer of chocolate on an industrial scale in Mexico, providing morethan300 jobs and manufacturing chocolate products for small to large foodmanufacturers in its two local factories. Barry Callebaut operates tenchocolate, two cocoa and one combined (cocoa and chocolate) factories intheAmericas.
With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2billion)in fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leadingmanufacturer of high-quality cocoa and chocolate - from the cocoa bean tothefinest chocolate product. Barry Callebaut operates out of 30 countries,runsmore than 45 production facilities and employs a diverse and dedicatedworkforceof about 6,000 people. Barry Callebaut serves the entire food industryfocusingon industrial food manufacturers, artisans and professional users ofchocolate(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 CocoaHorizonsinitiative and research activities, the company engages with farmers,farmerorganizations and other partners to help ensure future supplies of cocoaandimprove farmer livelihoods.
 See also previous announcement of June 27, 2011: "Barry Callebaut signsnewoutsourcing agreement in Latin America" and of January 17, 2012: "Signingof newsupply agreement in Latin America: Barry Callebaut to become long-termsupplierof Grupo Bimbo."
Pictures of the event will be available soon under this link:www.barry-callebaut.com/51?release=10554
The complete news release is available under the following link:
Photo 4: Factory Mexico:http://hugin.info/100441/R/1712884/568474.jpg
Photo 2: Factory Mexico:http://hugin.info/100441/R/1712884/568472.jpg
Photo 3: Factory Mexico:http://hugin.info/100441/R/1712884/568473.jpg
News Release (PDF):http://hugin.info/100441/R/1712884/568470.pdf
Photo 1: Factory Mexico:http://hugin.info/100441/R/1712884/568471.jpg
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Source: Barry Callebaut via Thomson Reuters ONE
- Investment & Company Information
- Barry Callebaut
- Mexico City
For the media in Mexico:
Barry Callebaut Mexico
Phone: + 55 28 71 29 08
For the media outside Mexico:
Head of Media Relations
Barry Callebaut AG
Phone: +41 43 204 04 58
For investors and financial analysts:
Head of Investor Relations
Barry Callebaut AG
Phone: +41 43 204 04 23