1. Mondelez opens its largest plant in APac

Mondelez opens its largest plant in APac

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).

By: | Published: April 26, 2016 6:37 AM

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

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