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Prosper planet pulse
Home»Investments»Mars to double investment in France
Investments

Mars to double investment in France

prosperplanetpulse.comBy prosperplanetpulse.comMay 13, 2024No Comments5 Mins Read0 Views
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Credit: Whiskas France / Facebook.

Mars plans to invest an additional 130 million euros ($140 million) in eight factories in France.

The investment will create 72 new jobs at eight Mars factories across the country, the company announced in a statement today (May 13), announcing the plan at the all-industry Choose France investment summit. revealed.

The “majority of the investment” will go toward installing a new pet food production line at the Saint-Denis-de-L’Hotel site, which will manufacture Pedigree and Whisker products.

Mars said it would “modernize” existing production, “expand production capacity” at the site and hire about 60 new employees annually.

The company will also invest close to 48 million euros of the total amount in the nutritional pet food brand Royal Canin, based in Emargues, Gard. The funds will be used to “renovate kennels and offices to ensure the health of employees and pets,” as well as install solar panels and increase storage capacity for raw materials.

The privately held group’s confectionery division will receive around 50 million euros of the capital expenditure. Mars will inject nearly 50 million euros into the Alsace factory and receive 47 million euros for the Haguenau factory, mainly for the M&M’s brand.

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At the Haguenau factory, which claims to be Europe’s largest M&M’s factory, its “entire industrial cold production chain” will be funded to reduce its environmental footprint.

The project aims to replace existing equipment containing “greenhouse refrigerant gases” with new equipment containing natural refrigerants with a very low environmental impact. It is also reported to reduce site electricity consumption by 17% and water consumption by 33%.

Romain Dumas, Managing Director of Mars Petcare & Food in France: “At Mars, we are deeply committed to making a significant contribution to the French economy and society. Our mission is to continue to

“This investment aims not only to improve infrastructure, but also to support local communities and promote sustainable development. With these initiatives, we strengthen our commitment to France and Demonstrates confidence in its ability to innovate and prosper, and actively participates in France’s economic dynamism towards a responsible and sustainable future.The Government on the need to continue economic reforms to unlock growth for France and the EU. I look forward to a constructive dialogue with you.”

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