French chocolatier Cémoi is embarking on a three-year, €40m ($46.2m) investment plan to modernise its sites.
In a statement, the Perpignan-based group said it is consolidating its position in both B2B and B2C chocolate markets in France and internationally.
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The investment comes amid what Cémoi described as “unprecedented cocoa price increases and a significant decrease in its availability”.
Cémoi’s Perpignan site, employing 250 of its 1,800 French employees, will receive more than €10m from 2024 to 2026.
The factory, producing over 300 million private-label tablets annually for Europe, is “strengthening its capacity” with new production lines, including a €7m investment in a line for B2B market discs and drops.
Cémoi said this will “help meet the growing demand” and “consolidate industrial partnerships”.
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By GlobalDataAdditionally, the site recently integrated a cocoa powder production line transferred from a German Baronie group factory.
Backed by Belgian confectionery and chocolate company Baronie, Cémoi has seven production sites in France.
Its other sites are also set to benefit from investment.
In Villeneuve-d’Ascq, €2.6m will be invested to make it a centre of excellence for marshmallows.
A site in Tinchebray will see a €3m investment to modernise its site, which caters to professionals such as bakers and pastry chefs.
Meanwhile, a factory in Chambéry will receive over €1.5m to become a centre of excellence for fruit paste, a unique group specialty.
Cémoi achieved turnover of €760m in 2024 and has been part of the Baronie group since 2021.
By 2030, Cémoi, which sells chocolate under the Cémoi brand name, is targeting more than €1bn in revenue.
