Lotus Bakeries has announced plans to construct a new Biscoff production facility in Asia, as it looks to further grow the brand in the Asia-Pacific region.
The company has reached an agreement in principle with an “internationally renowned developer” to purchase industrial land in Thailand’s Chonburi province, east of Bangkok.
The new production facility will provide Lotus Bakeries with additional capacity, help it to bring fresher biscuits to consumers, enable it to respond faster to local opportunities and save on transport costs.
According to the company, “recent experience with the construction and start-up of the second Biscoff plant in the US provides the group with a project framework and strongly reduces the project risk”.
Construction will start in the next few months after the formal closing of the purchase of the land. The first line is expected to be operational in 2026.
© FoodBev Media Ltd 2024
