31 October 2012

Zurich-based Barry Callebaut to invest US$16mn in new chocolate factory in Eskişehir, Turkey

- Production facility with an initial capacity of 15,000 tonnes to open mid-2013 

Zurich/Switzerland - 31 October 2012 – Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, announced today the building of a factory for chocolate and compounds in Eskişehir, Turkey. The new facility will serve as a basis to participate in the further growth potential of the Turkish chocolate market as well as to capture opportunities in the regional market. 

Situated in Turkey’s Central Anatolia region, the location in Eskişehir is close to existing and potential confectionery customers of Barry Callebaut. The total investment is about CHF 15 million (EUR 12 million / USD 16 million). The new factory will have an initial capacity of 15,000 tonnes and offer about 50 new jobs. Barry Callebaut’s new site in Turkey is scheduled to open mid-2013. 

Juergen Steinemann, CEO of Barry Callebaut, said: “The building of a new state of the art chocolate factory in Turkey is another major step in tapping the potential of a rapidly growing region. It’s in line with our strategy to further expand our geographic presence to markets that offer above-average growth opportunities. The new production facility will also help to foster our position in the region.” 

To further grow in the Eastern European region, Turkey is an important market for Barry Callebaut. Currently the yearly chocolate consumption is rather low with less than 2 kg per capita; but it is growing very fast at an annual rate of +7% per annum. There is an increasing demand for high-quality chocolate and compound products as well as for technical services and new innovations. 

With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0 billion) for fiscal year 2010/11, Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa and chocolate – from the cocoa bean to the finished chocolate product. Barry Callebaut is present in 27 countries, operates around 40 production facilities and employs a diverse and dedicated workforce of about 6,000 people. 

Source: Barry Callebaut