Nestlé invests €10 million into chocolate production in Spain
In an effort to produce different varieties of chocolate and drive growth in Europe, Nestlé has invested €10 million into a factory in Spain.
The company has installed a new production line for moulding chocolates at its factory in La Penilla de Cayón in the north of the country. It is equipped with technology for making new types of chocolate with different shapes and textures.
“This investment reflects the importance Nestlé places on continuous innovation,” said Bernard Meunier, v.p. and ceo of Nestlé Spain, at an opening ceremony for the new production line, which will expand the factory’s annual production of chocolate to 7,000 tons.
The investment in La Penilla is the second Nestlé has made in Spain this year, reflecting the company’s continued confidence in the Spanish market.
Nestlé’s factory in La Penilla de Cayón was built in 1905. It was the company’s first manufacturing site in Spain. Initially a factory for milk products, it began making chocolate in 1929. Today, the plant produces chocolates and confectionery items, cocoa powder, and infant formula.
Around 40% of the factory’s annual production is exported to 45 countries worldwide.
The new production line takes Nestlé’s total investment in the factory to €75 million (more than CHF 90 million) over the last five years.