Mondelez International is to add a production line at its confectionery plant in Gebze in Turkey.
The move, which involves investment of US$24m, will see production at the facility increase by 20%.
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The Gebze plant produces local brands in gum, candy and chocolate as well as global brands like Halls, Milka and Trident. A spokesperson for Mondelez told just-food 40% of Gebze’s production is destined for export markets.
In a statement, Antoine Collette, managing director of Mondelez’s Turkish operations, said: “This new investment enables us to play an even bigger role in supporting the growth of our global confectionery business. The investment in Turkey is also part of our ongoing supply-chain reinvention plan. We’re implementing several such initiatives around the world to capitalise on growing demand, while also reducing costs and improving productivity.”
The new line is expected to be up and running by the end of 2015.
News of the investment comes just days after Mondelez announced plans for a notable acquisition in Vietnam. The company is to buy an 80% stake in the snacks business of local food group Kinh Do Corp.
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By GlobalData
