“There is a large potential for AAK in the Brazilian market,” said Arne Frank, president and CEO, AAK Group. “It is the world’s 7th largest economy and a number of our global customers already have significant presence. Currently, AAK has a well established chocolate & confectionery business supplying out of our factory in Montevideo, Uruguay. However, pursuing our global growth strategy, AAK needs to be present with production capability also in Brazil.”
The investment is expected to be approximately SEK 400m over a two-year period. The startup of the new factory is planned for the latter part of 2015 and, fully utilised, will increase AAK’s total capacity by 100,000 to 120,000 MT.
Source: AAK
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