The confectionery maker attributed the project suspension to “increased risk relating to energy supply” Sweden’s Cloetta has indefinitely shelved plans for a new confectionery plant in the Netherlands citing “increased risk relating to energy supply” and ongoing permitting issues The Candy King pick-and-mix brand owner originally announced plans for the greenfield investment in 2022 while shuttering three existing confectionery facilities in the Netherlands and Belgium However, in September, the company’s president and CEO Katarina Tell put on hold the investment in the Netherlands plant while it conducted a “reassessment” of the project and explored “alternative options to secure a more efficient manufacturing structure” A review concluded that Cloetta could maintain long-term financial and operational flexibility without the new facility Cloetta noted that its existing supply network can compensate for the planned production volumes that the Netherlands plant would have handled in the mid-term It added the decision will allow the company to focus on its existing and contract manufacturing networks Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Tell said in a statement: “With this decision we create the opportunity for a fit-for-purpose supply chain enhance our possibility to strengthen our market presence and grow our product portfolio and ensure continued strong consumer engagement.” Cloetta expects a one-time net gain in the first quarter of 2025 “Approximately Skr140m ($12.8m) will be recognised as a gain in items affecting comparability and approximately Skr10m recognised as a cost in net financial items,” the confectionary maker said The latest development builds on Cloetta’s announcement last year to sell its Nutisal roasted nuts brand to The Monchy Food Company for €5m to €6m ($5.4m to $6.5m) to focus on its core confectionery brands Cloetta reported net sales of Skr8.61bn for the full year 2024 adjusted for items affecting comparability Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation This is your chance to showcase your achievements Don't miss the opportunity to be honoured among the best - submit your nomination today Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network The Local Europe ABVästmannagatan 43113 25 StockholmSweden Please log in to leave a comment HELSINKI FINLAND JUser: :_load: Unable to load user with ID: 42 FINNISH sweets manufacturer Leaf merged with Swedish confectionary Cloetta last December and now many of its employees are in danger of losing their jobs Leaf is planning on transferring a large part of its production to Levice Leaf’s factory in Aura has been on the go since 1973 and some of the sweets they have produced are Sisu pastilles Jenkki chewing gum and Tupla chocolate bars Sisu pastilles are very popular in Finland and have been around for over 80 years.Today there are nine different flavours of them The Aura factory’s closure is expected to increase efficiency and savings NICKLAS SMITHHELSINKI TIMESLEHTIKUVA - PEKKA SAKKI Advertisement inquiries and other after-sales issues: info@helsinkitimes.fi Helsinki Times is the first and only English language newspaper providing news about Finland in English A weekly print edition of Helsinki Times was published from March 2007 up until Feb Helsinki Times is an online-only publication and other groups and individuals interested in Finland from all around the world © Helsinki Times All rights reserved. Terms of Use | Privacy Policy