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Mars to invest €1 billion to boost operations in Europe
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Food Business News
BRUSSELS — Mars, Inc. said it plans to invest €1 billion ($1.18 billion) in its European Union operations by the end of 2026, part of an effort to strengthen the company’s manufacturing capabilities, sustainability and innovation in the region.
The investment follows more than €1.5 billion that Mars has invested in EU manufacturing over the past five years.
Mars operates 24 facilities across 10 countries in the European Union.
Eighty-five percent of Mars’ products sold in the European Union are produced locally, the company said.
Earlier this year Mars unveiled plans to invest about $2 billion through 2026 to expand its US-based manufacturing operations nationwide.
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