RUSSIA: Mondelez to build chocolate, biscuits plant
Mondelez said Russia is "priority market" for company
Mondelez International is to build a chocolate and biscuits factory in the Russian city of Novosibirsk.
The snacks giant said the plant would manufacture brands including Milka chocolate and Jubilee cookies. The facility will have a capacity of 50,000 tonnes a year. Construction will begin this summer and will be completed by the end of 2015, Mondelez said. It added the US$110m project would create about 180 jobs.
"Maintaining our long-term growth in this priority market for the company requires a significant increase in production capacity of key brands," Romeo Lacerda, CEO of Mondelez's Russian arm, said.
Mondelez has three other plants in Russia, in the regions of Vladimir, Leningrad and Novgorod.
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Interview: Mondelez eyes sweet success in China
- What next for Bernard Matthews? - comment
- How food companies involve staff in sustainability
- ConAgra acquires Frontera Foods' "gourmet" brands
- Aryzta FY profits fall
- Nestle revamps foodservice arm
- Nestle close to finalising Garoto deal
- Nestle launches Nesquik Protein Plus for adults
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Fast Food Restaurants in the US - Industry Market Research Report