Skanska secures an €89m contract to build Fazer’s €400m chocolate factory in Lahti, Finland, enhancing production capabilities with advanced technology. Construction to begin soon, aiming for operations in 2028, while existing production in Vantaa will continue. The factory will be carbon dioxide emissions-free and focus on efficient raw material use.

Fazer Group invests approximately €400m in the new factory, the largest in its history, to support domestic and international growth. The investment is backed by Business Finland’s industrial support program and a real-estate transaction with Lahti City. The project will create over 500,000 working hours of employment.

The investment in the factory will be financed through long-term debt, with a green finance framework allowing for green financial instruments. Fazer’s project is expected to boost Finnish food exports, already accounting for 15% of total exports. Skanska recently secured contracts in the US and Sweden for rail link construction and a multisports facility development.

Skanska has won a contract worth €89m to construct Fazer’s €400m chocolate factory in Lahti, Finland, focusing on advanced technology and automation. The factory, set to begin construction soon, will operate in 2028 and complement existing production in Vantaa. The facility will prioritize sustainability and minimize waste.

Read more at Yahoo Finance: Skanska wins contract to build Fazer’s $467m chocolate factory in Finland