Mondelez International invests $50 million in new Nigeria plant
The new plant represents a $50 million investment and is part of Modelez's plan to expand regional brands, such as Cadbury Bournvita, in key markets while developing a more efficient supply chain.
“Our new Lagos plant is the latest example of our global effort to build a world-class supply chain,” Daniel Myers, executive VP of Mondelez's integrated supply chain, said. “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.”
Supplanting the older facility, which failed to keep up with demand, the new plant in Lagos is fully automated, with new production equipment that will increase the quality of the products produced, create jobs and help produce revenue in excess of $30 billion annually.