Mars Inc. Unveils €1 Billion Investment for EU Manufacturing
Mars Inc. Announces Major Investment in EU Operations
Mars, Incorporated, renowned for its extensive presence in Europe, is poised to amplify its investment in the EU significantly. With over 90 years in the region, Mars operates 24 factories across 10 EU nations, employing around 25,000 individuals. By the end of 2026, the company aims to invest an impressive €1 billion, further solidifying its role in the EU's economic landscape.
Enhancing Manufacturing Efficiency and Innovation
This latest investment represents a continuation of Mars's commitment to enhancing its local manufacturing processes. Over the past five years, the company has allocated more than €1.5 billion towards improving its EU operations, focusing on modernisation, energy efficiency, and sustainability. This substantial funding underscores the importance of innovation driven by consumer demands.
Local Production and Economic Impact
It’s noteworthy that a remarkable 85% of the products Mars sells in the EU are produced within Europe. This localised production not only meets consumer needs but also contributes significantly to local economies. Mars's dedication to sourcing locally ensures that its supply chain is not only resilient but also supportive of local communities.
Long-term Vision for European Growth
Mars has articulated a clear vision for its investments in Europe, emphasizing the importance of sustainable growth. Claus Aagaard, the Chief Financial Officer of Mars, shared, "Our focus is on maintaining world-class operations that are well-aligned with the long-term priorities of the EU." This commitment reflects a strategic approach to enhancing both consumer choice and business resilience in a dynamic market.
Commitment to Sustainability
The new investment plan also includes significant initiatives to decarbonise Mars's operations. The company aims to reduce its greenhouse gas emissions across all aspects of its value chain, having already dropped emissions by over 16% since 2015 while boosting business growth by 69%. Mars has pioneered projects like its fully renewable-powered ice cream factory and other facilities that prioritise sustainable energy solutions.
Modernising Facilities and Technology
Mars's plans for modernisation include a variety of upgrades across its manufacturing footprint. This includes investments directed towards enhancing efficiency and product quality. A prime example is the planned investment of approximately €250 million in a chocolate factory, where state-of-the-art automation will expand production capacity and support the introduction of innovative packaging solutions.
Strengthening Local Economies through Partnerships
Long-standing partnerships with local farmers, suppliers, and technology providers are integral to Mars's strategy. These collaborations aim to bolster local economies, fostering not just job creation but also community engagement. Mars's commitment to modernising its industrial sites serves as proof of its dedication to local employment and support for broader environmental goals.
Frequently Asked Questions
What is the purpose of Mars's €1 billion investment?
The investment aims to enhance manufacturing capabilities and drive innovation in the EU while supporting economic resilience and sustainability efforts.
How many factories does Mars operate in the EU?
Mars operates 24 factories across 10 EU countries, employing around 25,000 people and focusing largely on local production.
What percentage of Mars products in the EU are locally produced?
A significant 85% of the products sold by Mars in the EU are produced locally within the region.
What sustainability initiatives is Mars undertaking?
Mars is committed to reducing greenhouse gas emissions and investing in renewable energy to power its facilities, aiming to decouple growth from emissions.
How is Mars supporting local economies?
Mars collaborates with local farmers and suppliers, investing in modernisation of industrial sites to create jobs and economically support surrounding communities.
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