Ferrero, the renowned privately-owned confectionery giant, is embarking on an ambitious investment to modernize its ice cream manufacturing plant in Alzira, Valencia.
This initiative aims to transform the Ice Cream Factory Comaker (ICFC) into Ferrero’s premier European hub for ice cream development, as indicated in a recent statement from the esteemed Italian company.
With an investment of €140m ($162.3m), this project will not only expand production capacity but also modernize core processes and introduce innovative technologies. Moreover, new production lines are set to be operational before 2030.
This facility will focus on producing new branded ice cream products; however, it will also phase out private-label production at Alzira by the end of 2026.
The upgraded site is expected to be pivotal in enhancing Ferrero’s branded ice cream portfolio across Europe as part of a “long-term” growth strategy.
Importantly, this modernization specifically affects the Alzira facility; operations at other Ferrero ice cream plants will continue without alteration.
In the statement, Ferrero emphasized, “Ferrero guarantees job continuity for all employees throughout the process, both in office and production roles, although some may take on new responsibilities within the renewed structure.”
The company initially acquired a controlling stake in the ICFC plant in 2019 and completed its acquisition two years later.
In April, Ferrero announced plans to invest C$445m (approximately $321m) to expand its Brantford, Canada production site. This investment includes installing production lines for Nutella biscuits and Ferrero Rocher chocolate squares, according to a statement from the Ontario government.
Furthermore, in August of the previous year, the owner of Tic Tac revealed plans to invest about €170m to upgrade its Stadtallendorf facility in central Germany.
