Mondelez Invests $100M in New Biscuit Factory
Mondelez International announced plans to invest more than $100 million in a state-of-the-art biscuit manufacturing plant at its Opava site in the Czech Republic. The investment will create 200 new roles making Oreo cookies and belVita breakfast biscuits.
Since 2009, net revenues for Oreo and belVita have grown 25 percent and 18 percent respectively in Europe. This plant will create new capacity to allow the business to keep pace with future demand.
Speaking about the launch, Phil Hodges, senior vice president, Integrated Supply Chain, Mondelez Europe, said: "We've seen phenomenal growth in our biscuit business in recent years, especially our Oreo and belVita Power Brands. This new facility will help us keep up with future demand by creating additional capacity. We've used all of our supply chain and R&D expertise to create a state-of-the-art factory with lines capable of making over a million Oreo biscuits a day. After it is completed, this plant will be a model in our global supply chain network."
The announcement is consistent with Mondelez International's commitment to invest in advantaged assets to drive sustainable and profitable growth. It builds on $240 million investment across European biscuits network since 2010, including sites in France, the UK and Central Europe.
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Since 2009, net revenues for Oreo and belVita have grown 25 percent and 18 percent respectively in Europe. This plant will create new capacity to allow the business to keep pace with future demand.
Speaking about the launch, Phil Hodges, senior vice president, Integrated Supply Chain, Mondelez Europe, said: "We've seen phenomenal growth in our biscuit business in recent years, especially our Oreo and belVita Power Brands. This new facility will help us keep up with future demand by creating additional capacity. We've used all of our supply chain and R&D expertise to create a state-of-the-art factory with lines capable of making over a million Oreo biscuits a day. After it is completed, this plant will be a model in our global supply chain network."
The announcement is consistent with Mondelez International's commitment to invest in advantaged assets to drive sustainable and profitable growth. It builds on $240 million investment across European biscuits network since 2010, including sites in France, the UK and Central Europe.
Related Articles:
Mondelez Invests in Demand Sensing, Forecasting
Mondelez Partnership Mobilizes Global Brands
Mondelez: One Year Post Spin Off