Finland’s Paulig Group has announced further investment in its snack-making Poco Loco plant in Roeselare in Belgium.
The group is investing EUR50m (US$57m) into extending production capacity and warehouse facilities at the site, Peter Denolf, the managing director for Paulig’s snack foods division, told just-food.
Go deeper with GlobalData
The investment will span over two years, and follows last year’s EUR12m investment into the plant.
Denolf said the investment will also allow for additional production of Tex-Mex tortilla wraps and chips through the addition of two new production lines. It will allow Poco Loco to reach sales of EUR230m annually from EUR200m. The investment into increased capacity was a result of growing demand for Poco Loco products from consumers, Denolf said. The company also plans to build an automated warehouse to centralise the site’s warehouse activities. Denolf said the move would improve efficiency.
The investment is also expected to create 100 jobs over two years at the site.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
