Mexican baking company Grupo Bimbo has opened an $86 million production plant and distribution centre in Tenjo, Colombia.
As the second Bimbo facility in the Tenjo municipality, it will add 270 jobs and consist of four production lines to produce hamburger buns, snacks and puff pastry.
Grupo Bimbo claims to have brand recognition among 88% of Colombians with three business units in the country: family baked products, sweet baked products, and solutions, experiencing double-digit growth in 2016.
Last year, sales were boosted by its move into the frozen bread segment with the acquisition of Panettiere.
The opening ceremony of the site was attended by president of Colombia Juan Manuel Santos. Bimbo Colombia president Fernando López said that these new facilities will expand production capacity to meet current demand, adding to the 3,800 job positions in the country.
“From the beginning of our operations in the country in 1996, the Tenjo municipality and the local people have been very important for the company since we built our first plant there, Tenjo I. 20 years later, we continue ratifying our confidence in Colombia and in the region with the opening of Tenjo II.
Grupo Bimbo CEO Daniel Servitje added: “The Tenjo II plant is already making Grupo Bimbo very proud, and our commitment is to continue working every day to fulfil the purpose stated in our philosophy: to build a sustainable, highly productive and fully humane company.”
Earlier this year, Grupo Bimbo acquired US baked goods manufacturer East Balt Bakeries for $650 million as it continues to expand its global reach.
© FoodBev Media Ltd 2018