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Natra SA To Set Up Production In Canada; Issues Production Guidance Of Consumer Goods Division Over Next Three Years

Monday, 20 May 2013 12:13am EDT 

Natra SA announced that it will set up production in the coming months in Ontario (Canada), to directly address its customers demand in North America. This new project is part of Natra SA’s strategic plan to increase the Company’s position in markets outside Europe, and especially in North America and Asia. The new rented production facility will be part of Natra SA’s consumer goods division, alongside the four existing multi-product factories in Spain, France and Belgium where the Company produces chocolate bars, chocolate spreads, countlines and Belgian chocolates and specialties. The division’s current annual production is 77,000 tonnes of chocolate products, which the Company aims to complement with an additional 12,000 tonnes from the new Canadian plant over the next three years. Natra SA estimates the new plant to be fully operational in the first half of 2014. Natra SA's manufacturing presence in Canada will be accompanied by the opening of a new sales office in Toronto. The new project in Canada will involve an investment of EUR 12 million, which Natra SA is to finance with 40% Company equity and 60% local government grants and credit lines from Canadian banks. 

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