What is Magnum Ice Cream Company investing in the UK?

Magnum Ice Cream Company is investing £50 million to upgrade its factory in Gloucester, UK.

When will Magnum Ice Cream Company become a standalone business?

Magnum Ice Cream Company is preparing to list as a standalone business next month.

How will the Gloucester factory's capacity change?

The Gloucester factory's capacity will increase by 25%, with a target of 50% output growth by 2027.

Home / Business and Economy / Magnum Ice Cream Boosts UK Factory Capacity by 25%

Magnum Ice Cream Boosts UK Factory Capacity by 25%

25 Nov

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Summary

Magnum Ice Cream invests £50m to enhance UK factory.
Capacity to increase by 25%, aiming for 50% output boost by 2027.
Investment supports planned spin-off and global supply chain transformation.

Magnum Ice Cream Boosts UK Factory Capacity by 25%

Magnum Ice Cream is undertaking a significant £50 million investment to upgrade its manufacturing facility in Gloucester, UK. This strategic enhancement will introduce two new production lines and rebuild the site's mix plant, directly increasing the factory's capacity by 25%. These improvements are crucial for the company's goal of a 50% output surge by 2027, compared to 2023 production levels.

The investment is a key component of Magnum Ice Cream's global supply chain transformation program, preparing for its upcoming spin-off as a standalone business from Unilever. The company aims for substantial gross savings through supply chain efficiencies, procurement optimization, and technological advancements. Management seeks up to €380 million in savings from its supply chain and an additional €70-100 million from reduced overheads.

This expansion at the Gloucester site, which employs 476 staff, is designed to secure its long-term future without impacting current jobs. The planned spin-off is slated for listing in New York, London, and Amsterdam next month, marking a new chapter for the iconic ice cream brands like Magnum and Viennetta.