Aelvsbyn / SE. (pb / fn) Polarbröd Försäljnings AB, Sweden´s 3rd-biggest bread company is investing in two of its three bakeries to meet an increased demand for its products in Europe. The manufacturer and marketer of traditional northern flat bread is headquartered in Aelvsbyn, Norrbotten County. Last year the company made 36’000 tons of bread at its bakeries in Älvsbyn, Omne and Bredbyn. Now Polarbröd plans to invest 189 million SEK to improve efficiency and productivity at the bakeries in Älvsbyn and Omne. The company´s bread market share in Sweden amounted to 14 percent. The Swedish retail market is still the biggest and most important for Polarbröd, however, export have increased over recent years and in 2007 consisted of 13 percent. Today, the largest export markets are Norway and France. The family owned company sees even more potential in the export market, in particular in the Russian market. Polarbröd, which has approximately 400 employees, recorded a turnover of 676 million SEK in 2007 (1’000’000 SEK = 105’687 EUR).
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Orkla ASA: reports strong profit improvement in Q2-2024
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company