Lotus Bakeries is expanding production in North Carolina as part of a $577 million commitment to accelerate growth in global markets.

The company plans to invest around €500m ($576.3m) across the sites in Belgium, the US and Thailand by 2030.

The project will increase capacity at the Lembeke factory, which mainly supplies markets in Europe.

Lotus Bakeries NV (LOTBY) reports robust financial results with double-digit growth, strategic expansions, and a historic low in net financial debt.

Lotus Bakeries (ENXTBR:LOTB) has quietly caught the attention of investors, even without a specific news event. Anytime a stock with global brand appeal moves without a dramatic headline, it naturally leads folks to wonder if something is brewing beneath the surface, or if market signals are simply shifting in anticipation of what comes next for the company. Looking at the bigger picture, Lotus Bakeries has experienced a challenging run lately. While its solid revenue and net income growth...

Holie’s said the judge had “fully sided with us”.