The Slovak government has remained tight-lipped after reports suggested that Cadbury Schweppes had held talks with officials over the building of a new plant in the country.
Go deeper with GlobalData
On Friday (28 September), Reuters cited an unnamed Slovak government official as saying “several meetings” had already taken place with Cadbury over the possible EUR270m (US$384m) investment.
According to the Reuters report, a project had been discussed between the two sides, with plans in an “advanced stage”.
However, when contacted by just-food today (1 October), SARIO, the Slovak investment and trade development agency, declined to comment. “We cannot give you any information about this project,” a spokesperson for SARIO said from Bratislava.
Cadbury has been equally coy about the reports, which at the start of last week said the company was mulling whether to invest in Poland or Slovakia.
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 GlobalDataReports of planned investment comes as Cadbury, the world’s largest confectioner, embarks on a worldwide restructuring programme, a strategy that will see factories closed and jobs cut.
In June, Cadbury said it would axe 15% of its workforce as part of a global cost-cutting drive that it hopes will reshape the business.
Cadbury also plans to close 15% of its manufacturing facilities around the world over the next four years.
