Skanska has secured a contract for the construction of Fazer’s approximately €400m ($467m) chocolate factory in Lahti, Finland.
The project aims to enhance Fazer’s production capabilities with advanced technology and automation.
Skanska’s contract is worth €89m and will be included in its Nordic order bookings for the third quarter of 2025.
The construction of the factory, located in the Pippo industrial area, is set to begin in the coming months, with operations expected to start in 2028.
Fazer noted that the production of chocolates will also partially continue in Vantaa.
The new facility will span approximately 33,300m² and integrate Fazer’s chocolate expertise with automated production lines and technologies to produce new types of products.
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By GlobalDataIt will be carbon dioxide emissions-free while the efficient use of raw materials will significantly minimise production waste.
Fazer Group president and CEO Christoph Vitzthum said: “The investment of approximately €400m is the largest in Fazer’s history and it is also significant from a Finnish food industry perspective.
“The new factory will support both our domestic as well as international growth and demonstrates our strong belief in the competitiveness of Finnish food production also in the international markets.”
Fazer’s investment is supported by Business Finland’s industrial investment support programme.
Fazer has completed a real-estate transaction with the City of Lahti to facilitate the construction phase, which will employ hundreds of professionals, totalling over 500,000 working hours.
The investment will be financed through long-term debt, with a green finance framework allowing for the issuance of green financial instruments.
Fazer’s new project is expected to contribute to Finnish food exports, with the company already accounting for 15% of these exports.
Recently, Skanska secured two new contracts in the US and Sweden: a rail link construction and a multisports facility development, respectively.
