Scottish soup manufacturer Baxters Food Group has confirmed that a "small number" of jobs are set to be cut as the company struggles with high inflation.
Altho Brets said the investment will increase the company's production capacity by 15.000 tons, which will allow the business to meet growing demand on France's potato crisps market.
Per GlobalData, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary have been identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
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