SUBSCRIBE

Breaking News on Confectionery & Biscuit Processing

News > Manufacturers

Read more breaking news

 

 
Factory upgrade

Ferrero Canada plans three new products at Brantford site

1 comment

By Oliver Nieburg+

01-Aug-2016
Last updated on 01-Aug-2016 at 12:10 GMT2016-08-01T12:10:18Z

Ferrero to invest USD $27.66m in three new production lines by August 2017. ©iStock/Authenticcreations
Ferrero to invest USD $27.66m in three new production lines by August 2017. ©iStock/Authenticcreations

Ferrero Canada plans to add production lines for three new products in a CAD $36.1m (USD $27.66m) investment at its factory in Brantford.

The company will be supported by a CAD $1.5m (USD $1.1m) grant from the Southwestern Ontario Development Fund.

Ferrero’s Brantford plant currently produces Nutella, Kinda Surprise, Tic-Tac, Ferrero Rocher, and Raffaello.

Three new items to be produced at the plant will sell across North America. ConfectioneryNews has contacted the parties concerned for more details on the new products.

Fifty-five jobs

Ferrero will add 55 new jobs and will retain 831 existing staff at the facility. The project is set for completion by August 2017.

The Brantford plant, established in 2006, is Ferrero’s only facility in Canada and North America. It operates 22 plants around the world, including facilities in Mexico, Ecuador, Brazil and Argentina.

Catalyst for North America expansion

A Ferrero Canada spokesperson said the company appreciated the support from the Ontario government and said the firm’s Brantford plant had been a catalyst to expand Ferrero’s North American presence.

The Brantford site had 1,246 employees as of August 31, 2014 and was Ferrero’s eighth largest plant by employee numbers, accounting for 3.6% of its workforce according to the group’s latest CSR report. These figures included temporary workers.

Chcoolate confectionery in Canada is projected to register a compound annual growth rate (CAGR) of 2% up to 2020 to reach retail value sales of CAD $3.4bn (USD $2.6bn) by 2020, according to Euromonitor International.

The research organization's latest report on the sector said Nestlé led the market with a 15% share, followed by Hershey (14%) and Mondelēz.

Tweet from Dave Levac, MPP for Brant

Source:Ontario government

1 comment (Comments are now closed)

spend spend spend

As one business man to another, "what a useless waste of money". It what governments do best. Get in the way and kill jobs. Then go around like Santa Clause "a little here and a little there" and then pad themselves on the back for saving jobs. Let's hope Trump changes all that.

Report abuse

Posted by jack
02 August 2016 | 23h462016-08-02T23:46:40Z

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...