Latest news with #Fazer
Yahoo
27-05-2025
- Business
- Yahoo
Fazer invests in bakery plant in production capacity move
Fazer Group has announced an €11m ($12.5m) investment to expand its rye bread production capacity at its local facility in Lahti. In a statement, Fazer said the move is in line with the country's 2024 nutrition recommendations, which encourage Finns to increase their intake of whole grains. The food producer added that it is 'responding to this need" by introducing a new rye bread line at its Lahti factory. The company also operates bakeries in Vantaa and Lappeenranta. Marko Bergholm, managing director of Fazer Bakery Finland, said: 'We want to expand our offering with attractive and healthy rye products and increase domestic bread production. In Finland, we bake from 100% domestic grain.' Fazer's bakery division produces a range of baked goods, including wheat-based toast, speciality portion breads, burger buns, polar breads, bread snacks, and cakes. The new production line, operational since April, can produce up to 25,000 of the local Reissumies variety of rye bread per hour. Fazer said it plans to raise its wholegrain bread share in Finland from 57% to 65% by 2030. 'It is important for us to promote a healthy lifestyle and encourage Finns to follow the new nutrition recommendations by making tasty breads with whole grain in order to support meeting the 90-gram recommendation,' Bergholm added. Fazer Bakery Finland employs about 1,600 workers, with 450 stationed at the Lahti site, which, following the investment, the company claims will position it as the 'world's largest rye bakery'. In 2024, Fazer recorded net sales of €1.18bn. After adjusting for currency fluctuations, net sales grew by 1%, while comparable net sales, excluding the dairy division, rose by 3%. Comparable EBITDA also increased by 3%, reaching €141.4m, and the comparable operating result surged by 14%, amounting to €75.9m. Group net sales rounded to a profit of €34.7m from a €86.5m loss a year earlier. Bakery is Fazer's second-largest division behind confectionery in terms of sales. However, bakery sales dropped 2% last year to €452.4m. "Fazer invests in bakery plant in production capacity move" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Sun
23-05-2025
- Entertainment
- The Sun
Dappy hits back after fans accuse him of ‘looking like Jafar from Aladdin' as he reveals new look in the studio
DAPPY has hilariously hit back after fans accused him of 'looking like Jafar from Aladdin'. N-Dubz fans from the 2000s will remember Dappy, 37, with his trademark beanie, often paired with bold sunglasses and statement chains. 5 5 But the rapper, real name Costadinos Contostavlos, stunned his TikTok followers after revealing a brand new look from inside the studio yesterday. The Strong Again hitmaker sported shaggy brown locks and sunglasses, wearing an oversized grey tracksuit hoodie and brown joggers. When one fan commented: " Dappy out here looking like jifarr from Aladdin," he replied: "My bad thought u lot knew I had hair under the hat lol." Jafar is the main villain in Disney's 1992 animated Aladdin, best known for his sinister goatee, black robes and twisted staff. He was originally voiced by American actor Jonathan Freeman, who also played the character on Broadway. Dappy shot to fame alongside his cousin Tulisa Contostavlos and Richard "Fazer" Rawson in North West London based group, N-Dubz. Together, they received wide critical acclaim and earned eight Top 40 hits in the singles charts. Dappy was the brainchild behind a lot of their songs, and was the main writer in the band - with their album Uncle B reaching platinum status in the UK. The group started in 2000, but went on a "hiatus" to focus on their solo careers in 2011, before reuniting in May 2022. It is believed Dappy is currently single. He was in a long-term relationship with Kaye Vassell, but it is understood they have now split. The pair have two sons together Gino and Milo. According to net worth estimation site Dappy's last recorded net worth is around £1.6million. He has made most of his money through endorsement deals, sponsorships and ads. In 2014, Dappy narrowly avoided being declared bankrupt after failing to pay a tax bill worth more than £140,000. 5 5
