Ferrero shakes up production at Spain ice-cream plant

Core Insights - Ferrero is investing €140 million ($162.3 million) to modernize its ice cream plant in Alzira, Valencia, aiming to establish it as the European technology hub for ice cream development [1][2] - The project will expand production capacity, modernize processes, and introduce new technologies, with new production lines expected to be operational before 2030 [1] - The Alzira facility will focus on branded products, discontinuing private-label production by the end of 2026, while other Ferrero ice cream plants will continue operations as usual [2] Employment and Operations - Ferrero guarantees job continuity for all employees during the modernization process, although some may take on new responsibilities [3] - The company acquired a controlling stake in the ICFC plant in 2019 and completed full acquisition in 2021 [3] Other Investments - In April, Ferrero announced a C$445 million ($321 million) investment to expand its production site in Brantford, Canada, including new production lines for Nutella biscuits and Ferrero Rocher chocolate squares [4] - In August of the previous year, Ferrero planned to invest approximately €170 million ($189 million) to upgrade its Stadtallendorf facility in Germany [4]