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Items Tagged with 'Mondelez International'
Mondelez International plans to invest more than $130 million in new biscuit manufacturing technology and capabilities in the U.S. The investment will focus on bakeries in New Jersey and Virginia and result in the closure of the company’s Philadelphia bakery.
Mondelez International says the plant expansion is consistent with its ongoing investments in emerging markets to drive sustainable, profitable growth.
Mondelez International says it will spend $400 million over the next 10 years on cocoa producers, as it focuses on securing supplies of the main raw ingredient in chocolate.
As its first acquisition, Kraft Foods Europe, which is being integrated into spunoff snack giant Mondelez International, purchases Italy’s Vitasnella snack business from France’s Danone for an undisclosed price as part of its consolidation plans in Europe.