Change in scope of Fazer’s planned confectionery factory investment – the company will investigate only the renewal of chocolate production
Fazer’s project to build a state-of-the-art confectionery factory in Finland has proceeded and is currently in the basic engineering phase. When the investment into the new factory was announced, the company communicated that in the first phase chocolate production, currently located in Vantaa, and then in a second phase, sugar confectionery production, currently located in Lappeenranta, would transfer to the new factory in Lahti. Significant changes in the operating environment, such as the rapid change in interest rates, changes in consumer behaviour and demand as well as the uncertainty