Mars Makes Bold €1 Billion Commitment to EU Manufacturing Growth
Mars Announces Significant Investment in EU Manufacturing
Mars, Incorporated, a global leader in the food industry, has revealed plans to invest €1 billion in its operations across the European Union by the end of 2026. This initiative will not only enhance the company's manufacturing capabilities but also contribute to economic resilience and sustainability, crucial for the future of the EU.
Strengthening Its European Presence
With a presence in Europe exceeding 90 years, Mars operates 24 factories in 10 EU countries, employing approximately 25,000 individuals. The company exports to over 100 markets worldwide, reinforcing the region's significance in its global strategy. This new investment builds upon the €1.5 billion that Mars has invested in EU manufacturing over the last five years, showcasing their ongoing commitment to ensuring operational excellence and economic growth.
Investment Highlights and Future Plans
Modernizing Manufacturing Facilities
Pioneering innovation is at the forefront of Mars's plans as it aims to modernize its manufacturing facilities throughout the EU. This includes adopting advanced technologies aimed at enhancing efficiency, product quality, and meeting consumer demands. Notably, between 2023 and 2027, Mars is allocating around €250 million to upgrade its chocolate factory in Janaszówek, Poland. This significant investment will introduce state-of-the-art automation and increase the factory's capacity significantly.
Commitment to Sustainability
Mars has made remarkable strides in reducing greenhouse gas emissions, achieving a reduction of over 16% since 2015, all while experiencing 69% business growth. As part of their sustainability efforts, the company has committed to decarbonizing its entire value chain. A prime example is their ice cream factory in Steinbourg, which now operates entirely on renewable electricity, becoming Mars's first fossil fuel-free site globally.
Fostering Economic Resilience in Local Communities
In addition to modernizing its operations, Mars emphasizes the importance of local partnerships. Over the years, the company has collaborated with farmers, suppliers, and technology providers to boost local economies. A current initiative offers more than €100 million to modernize and digitize its sites in France, thereby enhancing local employment while contributing to its Net Zero goals.
Leadership Vision for Future Growth
Claus Aagaard, CFO of Mars, emphasized the importance of long-term investments. He stated that the company's strategy is to boost innovation, provide value to suppliers, and positively impact the communities they serve. This investment toward a resilient business model reflects Mars's commitment to growth and sustainability in Europe.
Frequently Asked Questions
What is the amount Mars plans to invest in the EU?
Mars plans to invest €1 billion in its European operations by the end of 2026.
How many employees does Mars have in the EU?
Mars employs approximately 25,000 individuals across 24 factories in the EU.
What type of initiatives are included in Mars's investment plans?
The investment will focus on modernizing manufacturing facilities, promoting sustainability, and strengthening local partnerships.
Where are Mars's chocolate factories located?
One significant factory is located in Janaszówek, Poland, where modern automation will increase production capacity.
What sustainability targets has Mars set?
Mars is working towards decarbonizing its operations and has reduced its greenhouse gas emissions significantly, focusing on renewable energy sources.
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