Serbian President Aleksandar Vucic announced that he will attend the groundbreaking ceremony that will mark the beginning of the construction of a factory by the Swiss confectionary company Barry Callebaut in Novi Sad in early March.
He pointed out that Barry Callebaut was the world’s leading chocolate and cocoa producer, supplying raw materials to about 70% of chocolate producers.
The Swiss company also plans to construct an innovation centre for research and development in Novi Sad too.
The state-of-the-art facility will have the initial annual production capacity of 50,000 tonnes. Set to become operational by 2021, the total investment, planned over five years, will reach $56 million. The company plans to employ 100 people in their Novi Sad factory.
Discover the most important foreign investments in Serbia in 2019: click here!
Barry Callebaut Group also supplies the biggest confectionery companies in the world, like Nestle and Mondelez International, with butter and other chocolate ingredients.
The Group exports its products to 140 countries around the world and has a total of 11,500 employees working in over 30 countries.
The Group was formed by the merger of the Belgian (Callebaut) and the French company (Cacao Barry) in 1996 and is headquartered in Zurich.
This post is also available in: Italiano