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Mars outlines EU capex plans
Yahoo Finance· 2025-09-22 13:27
Investment Plans - Mars is investing €1bn ($1.18bn) in production and R&D across 2025 and 2026, focusing on projects in France, Poland, and Spain [1] - The company has previously invested €1.5bn in its EU operations from 2020 to 2024 and plans further investments this year and next [1] Production Capacity Expansion - A project initiated in 2023 aims to increase production capacity at a chocolate factory in Janaszówek, Poland, with an investment of around €250m, expected to boost capacity by over 60% by 2027 [2] Strategic Focus - Mars is planning investments across all business segments in the EU, emphasizing modernization, innovation, and sustainability to ensure future-ready factories [3] - The CFO stated that the company's long-term view is to foster growth that benefits consumers in EU economies [4] Business Resilience and Community Impact - The investment strategy is aimed at building a stronger, more resilient business in Europe, enhancing innovation for consumers, and creating positive impacts in local communities [5] Merger Investigation Update - The European Commission has set a new deadline of 19 December to complete its investigation into Mars' planned $35.9bn takeover of Kellanova, following a previous suspension due to missing information [6][7] - Preliminary findings suggest that the merger could lead to higher prices for consumers due to Mars' increased negotiating power with retailers in the European Economic Area [7]