None
TL
Mars earmarks €1 billion for EU investment
[]
Baking Business
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.
['european'
'union'
'plan'
'operations'
'billion'
'eu'
'growth'
'manufacturing'
'earmarks'
'mars'
'value'
'investment']