Mondelez India Foods, (formerly Cadbury India), part of Mondelez International Inc, inaugurated the first phase of its largest manufacturing facility in Asia-Pacific at Sri City, in Chittoor district, Andhra Pradesh (AP).
The facility is set up with an investment of $190 million and will annually produce about 60,000 tonnes of Cadbury Dairy Milk chocolate.
The plant was inaugurated by Andhra Pradesh chief minister N Chandrababu Naidu, who said that the company will invest over R2,300 crore in a phased manner.
“We are looking at a three-phase expansion plan at this multi-product facility which is expected to be completed over a five-year period,” Daniel Myers, executive VP, Integrated Supply Chain, said while addressing the media. “By 2020, the multi-category food facility is expected to reach an annual capacityof 2,50,000 tonnes and create about 1,600 jobs,” he added.
“India is a priority market for us and we continue to invest behind our brands, routes to market and people to drive sustainable growth. As a $30 billion global snacking company, we are open to bring in our global brands in the Indian market as we have enough opportunity to grow both in confectionery and recently-launched biscuit market,” Maurizio Brusadelli, EVP & president, Asia Pacific, said.
“We have already invested in 40 manufacturing lines of the future and are building sites of future to accelerate the growth of our brands,” he added. 0