Sector News

Ferrero unveils plans innovation center in Chicago pegged for completion in 2023

July 23, 2022
Food & Drink

Ferrero North America, part of the global confectionery company Ferrero Group, has unveiled plans to open an Innovation Center in Chicago’s Marshall Field and Company Building.

The move will take place over two phases, with all current Ferrero Chicago employees moving to a temporary office space while construction is completed on the final space. The final office at the Marshall Field & Co. building is set to be complete by spring of 2023.

The 45,000-square-foot facility will bring Ferrero’s R&D teams throughout the US and house employees from Ferrero’s Old Post Office location representing Fannie May, Nutella Café, Keebler, Famous Amos, Mother’s and other distinctive cookie brands in the Ferrero portfolio.

Creating synergies
The company’s goal for this space is to reflect Ferrero’s unique heritage and provide an opportunity to create more synergies among its teams.

“This new space will foster the collaboration, creativity and culture that Ferrero is known for around the world,” says Todd Siwak, president and chief business officer of Ferrero North America.

“I believe this innovation center will propel our teams forward to become leaders in the sweet packaged foods category.”

The innovation center, R&D lab, and offices on the eighth and ninth floors at 24 East Washington will bring about 170 cross-functional team members to Chicago’s Loop neighborhood.

“Chicago is a global destination for innovation. Ferrero will be well-placed here, benefitting from the city’s connectivity to the world and its strong network of companies driven by tech and innovation,” says Chicago Mayor Lori E. Lightfoot.

The announcement is the latest in a series of milestones in Ferrero’s growth in North America.

The company is building a chocolate processing facility and a new plant to make Kinder Bueno products in Bloomington, Illinois and is expanding capacity in its Brantford, Ontario plant.

The 169,000 square foot addition will be dedicated to producing Kinder Bueno bars and minis and represents the first time Kinder products will be made in North America.

In the past few years, it has opened new distribution centers in Pennsylvania, Georgia and Arizona and expanded its North American headquarters in Parsippany, New Jersey.

Edited by Elizabeth Green

Source: foodingredientsfirst.com

comments closed

Related News

August 7, 2022

ADM-backed ScaleUp Bio accelerator poised to grow precision fermentation start-ups in Singapore

Food & Drink

Signaling a new wave of activity in the precision fermentation space, agri-food giant ADM has linked up with Asia Sustainable Foods Platform in a joint venture company, ScaleUp Bio. Based in Singapore, the new firm will operate a new pilot laboratory for start-ups engaging in precision fermentation for food applications, helping them to propel innovation rapidly.

August 7, 2022

Diageo sees net sales growth across all regions

Food & Drink

Diageo has recorded a 21.4% increase in its full-year revenue, driven by strong organic net sales growth across all regions. In the year ended 30 June, the owner of Smirnoff vodka posted full-year net sales of £15.5 billion. Overall, net sales of spirits grew 21%, with a particularly strong performance in scotch, tequila, vodka, gin and Chinese white spirits.

August 7, 2022

Morrisons unveils zero-carbon egg range from hens fed on insects

Food & Drink

A new insect-based diet on chicken farms is being showcased by UK supermarket chain Morrisons as the way to achieve carbon-neutral eggs by the end of 2022. The company expects to vastly reduce its use of soya feed, which accounts for 10% to 20% of hens’ regular diets and is a major contributor to carbon emissions.