SERBIA: Dr Oetker to relocate local HQ with new plant
German food giant Dr Oetker has set out plans to for a new headquarters in Serbia that will comprise office, warehouse and production facilities.
Dr Oetker has started building on the site in Simonavci, 30km from its current rented office and production base in the Serbian capital of Belgrade.
The plant will produce products sold under the company's Dr Oetker and C brands, with a capacity of 6,000 tons a year. The project is expected to be complete in 18 months.
Nataša Predic, product manager for Dr Oetker's Serbian unit, said the new site would become the company's "only business unit" in Serbia. However, she insisted the move would not lead to jobs being lost.
"We plan to increase the number of employees in the future with the expansion of capacity," Predic told just-food.
According to figures for 2013, Oetker generates 67% of sales outside Germany. The privately-owned maker of products from baking mixes to pizza posted sales of EUR2.13bn for last year, up 2.3%. On an organic basis, excluding factors like foreign exchange, sales were up 3.9%.
Domestic sales grew 2.4% to EUR706m. Oetker pointed to slowing economic growth in Germany but pointed to higher frozen food sales in its home market. Overseas, sales increased 2.2% to EUR1.4bn.
The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global prepared meals market during August 2014. Using t...
The report provides a review of the latest news and key events in the global prepared meals market during August 2014. Using this report, marketers will effectively gain an insight into the latest h...
Synopsis The report provides a review of the latest news and key events in the global prepared meals market during May 2014. Summary Using this report, marketers will effectively gain an insight into...
The rising significance of the indulgence trend in Belgium helped bring dynamism the otherwise declining category of other dairy during 2013. New product development was scarce in the category during ...
- Campbell Soup Co.'s M&A plans should avoid fresh
- Mead Johnson wrestles "irrational" Chinese market
- On the money: Unilever aims to get food growing
- 10 things to learn: Campbell's plans for growth
- Briefing: How is gluten-free faring in Europe?
- Hain Celestial buys plant-based food firm Mona
- Post, TreeHouse "in talks over ConAgra own-label"
- Lactalis surpasses Danone on dairy league table
- Nestle replaces India MD after Maggi scandal
- Greencore sales up on UK, US growth