Italian confectionery giant Ferrero is to invest around EUR80m (US$94.5m) in its Nutella Biscuits plant at Balvano in the Basilicata region of southern Italy.

It is suggested the investment will see production levels double from 16,000 tonnes to 32,000 tonnes per year when work to expand the plant is finished in October 2021.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The plans, confirmed to just-food by a Ferrero spokesperson, have already been approved by the Basilicata Regional Council.

The plant in Balvano is one of Ferrero’s four productions sites in Italy, along with sites in Alba, Pozzuolo Martesana and Sant’Angelo dei Lombardi.

This week, Ferrero announced it was buying Fox’s Biscuits in the UK from Britain’s 2 Sisters Food Group.

The acquisition, done through CTH, a holding company fully owned by the Nutella hazelnut spread and Ferrero Rocher chocolates brand owner’s executive chairman Giovanni Ferrero, cost the Italian company GBP246m (US$317.8m).

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Last month, Ferrero announced it is to invest EUR42m in plants in Normandy, France, to cater to increased demand for Nutella.

The plans include a new EUR30m logistics centre with a surface area of 36,000 sq m at its Criquebeuf-sur-Seine site.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now