Lindt & Sprüngli opens plant extension in Olten, Switzerland

Chocoladefabriken Lindt & Sprüngli AG / Key word(s): Expansion
Lindt & Sprüngli opens plant extension in Olten, Switzerland

03.05.2024 / 12:00 CET/CEST

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Media Release | May 3, 2024

Kilchberg, May 3, 2024 - After around three years of construction, Lindt &
Sprüngli today opened the plant extension to the Lindt Cocoa Center in
Olten, Switzerland. A total of around 100 million Swiss francs was invested
in expanding the plant, which produces cocoa mass for several Lindt &
Sprüngli production sites in Europe.

With this significant expansion of its plant in Olten, Lindt & Sprüngli is
reaffirming its commitment to Switzerland as a business location. The
facility has been producing cocoa mass for the Lindt brand since 1991,
initially exclusively for the production site in Kilchberg near Zurich.
Since then, the plant in Olten has steadily grown in significance for the
entire Lindt & Sprüngli Group, becoming the largest and most important cocoa
mass plant within the global production network. Today, Olten supplies Swiss
cocoa mass to several of Lindt & Sprüngli's European production sites. These
further process and refine the cocoa mass in accordance with rigorous Swiss
manufacturing standards.

Forward-looking expansion for the entire Group
The expansion, which began in 2021, includes new production lines, a new
loading bay for cocoa mass, a state-of-the-art laboratory, and the redesign
of the plant's administrative offices. This project has created 12 new jobs
at the Olten site. The extensive expansions since 2017 have doubled
production capacity overall.

During the opening ceremony, Marco Peter, CEO of Lindt & Sprüngli
Switzerland, highlighted the key role the plant is to play in the future
growth of the entire Group. "As an ultramodern and efficient cocoa mass
plant, the Lindt Cocoa Center in Olten is crucial for further growth. The
investment is also a commitment to strengthening Switzerland as a business
location over the long term," Marco Peter said.

From the cocoa bean to cocoa mass
In Olten, the cocoa beans are delivered by rail and stored in special silos
until they undergo further processing. First, the beans are cleaned while
still in their shells and then broken open. Next, the cocoa nibs inside are
roasted using a proprietary process that perfectly coordinates temperature
and roasting time. The nibs are then crushed in mills, where pressure and
friction create the viscous cocoa mass. With its characteristic smell and
taste, this cocoa mass is the starting product for further processing into
chocolate at one of Lindt & Sprüngli's production sites.

Images can be found on our media database.

Media Contact | +41 44 716 22 33 | media@lindt.com
Investors Contact | +41 44 716 25 37 | investors@lindt.com

About Lindt & Sprüngli
Lindt & Sprüngli has been enchanting the world with chocolate for over 175
years. The traditional Swiss company with its roots in Zurich is a global
leader in the premium chocolate category. Lindt & Sprüngli produces quality
chocolates today at its 12 own production sites in Europe and the USA. They
are sold by 36 subsidiaries and branch offices, as well as via a network of
more than 100 independent distributors around the globe. In addition, Lindt
& Sprüngli runs around 520 own shops. With more than 14,500 employees, the
Lindt & Sprüngli Group reported sales of CHF 5.2 billion in 2023. Our
commitment to contributing to a more sustainable tomorrow is a key element
driving the company's actions and ambitions. For the responsible sourcing of
its most important raw material cocoa, the company launched its own program
in 2008: the Lindt & Sprüngli Farming Program.


News Source: Chocoladefabriken Lindt & Sprüngli AG


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End of Media Release

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   Language:       English
   Company:        Chocoladefabriken Lindt & Sprüngli AG
                   Seestrasse 204
                   8802 Kilchberg
                   Switzerland
   Phone:          + 41 44 716 25 37
   E-mail:         investors@lindt.com
   Internet:       www.lindt-spruengli.com
   ISIN:           CH0010570759, CH0010570767
   Valor:          1057075, 1057076
   Listed:         SIX Swiss Exchange
   EQS News ID:    1895323

End of News EQS News Service
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1895323 03.05.2024 CET/CEST