Barry Callebaut to build chocolate factory in Turkey

Barry Callebaut to build chocolate factory in Turkey 
ZURICH, SWITZERLAND -- (Marketwire) -- 10/31/12 --  Barry Callebaut
AG / Barry Callebaut to build chocolate factory in Turkey . Processed
and transmitted by Thomson Reuters ONE. The issuer is solely
responsible for the content of this announcement. 
Further geographic expansion 
* Building new chocolate and compound factory in Eskisehir, Central
Anatolia, Turkey 
* Production facility with an initial capacity of 15,000 tonnes to
open mid-2013 
* Tapping the potential of a fast growing local chocolate market 
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 Eskisehir, 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
Eskisehir 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.[1] There is an
increasing demand for high-quality chocolate and
compound products as
well as for technical services and new innovations. 
*** 
Barry Callebaut (www.barry-callebaut.com): 
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. Barry Callebaut serves the entire food industry
focusing on industrial food manufacturers, artisans and professional
users of chocolate (such as chocolatiers, pastry chefs or bakers),
the latter with its two global
brands Callebaut(R) and Cacao
Barry(R). Barry Callebaut is the global leader in cocoa and chocolate
innovations and provides a comprehensive range of services
in the
fields of product development, processing, training and marketing.
Cost
leadership is another important reason why global as well as
local food manufacturers work together with Barry Callebaut. Through
its broad range of
sustainability initiatives and research
activities, the company works with farmers, farmer organizations and
other partners to help ensure future supplies
of cocoa and improve
farmer livelihoods. 
*** 
[1] Source: Euromonitor. 
The complete news release can be downloaded from the following link: 
Press Release (PDF): http://hugin.info/100441/R/1653597/534066.pdf 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
that: 
(i) the releases contained herein are protected by copyright and
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein. 
Source: Barry Callebaut AG via Thomson Reuters ONE 
[HUG#1653597] 
Contacts
for investors and financial analysts:
Evelyn Nassar
Head of Investor Relations
Barry Callebaut AG
Phone: +41 43 204 04 23
evelyn_nassar@barry-callebaut.com 
for the media:
Raphael Wermuth
External Communications Manager
Barry Callebaut AG
Phone: +41 43 204 04 58
raphael_wermuth@barry-callebaut.com
 
 
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