Mondelez International has announced a US$50m investment in a new production plant in Nigeria to meet what it says is "surging demand" for cocoa drink Cadbury Bournvita.
The firm said the investment in local production would help create a more efficient supply chain footprint.
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The new plant in Lagos is fully automated and replaces an older facility. In addition to increased capacity, it will "enhance the quality of the company's products and improve competitiveness" by reducing operating costs said Mondelez.
It will increase capacity of Cadbury Bournvita by more than 30%.
"Our new Lagos plant is the latest example of our global effort to build a world-class supply chain," said Daniel Myers, EVP for integrated supply chain at Mondelez. "This investment in Nigeria boosts our production capacity for Cadbury Bournvita by more than 30 percent for 180 million Nigerian consumers. It also complements our recent investments in Egypt and South Africa where we've increased chocolate production capacity and created one of our region's biggest supply hubs for gum, moving our chocolate and gum power brands to advantaged assets."
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