Mondel?z International today announced plans to invest $24 million to increase capacity of its plant in Gebze, Turkey, to support growth in the company's global confectionery business.
The Gebze plant produces local brands in gum, candy and chocolate, such as Fal?m, S?psevdi, Kent, Missbon, Jelibon, Tofita and Topitop as well as global brands like Halls, Milka and Trident. Thanks to the new investment, a complete new line will be added, from processing to final packaging, increasing the plant's overall capacity by 20 percent, the snack-maker said in a statement. The new line is expected to be operational by the end of 2015.
"Today, our plant in Gebze produces for nearly 50 different countries," said Antoine Collette, Managing Director Mondel?z Turkey. "This new investment enables us to play an even bigger role in supporting the growth of our global confectionery business. The investment in Turkey is also part of our ongoing supply-chain reinvention plan. We're implementing several such initiatives around the world to capitalize on growing demand, while also reducing costs and improving productivity."
Mondel?z International's supply-chain reinvention plan is expected to deliver $3 billion in gross-productivity savings, $1.5 billion in net savings and $1 billion in incremental cash over the next three years. These savings will be a primary driver of significant improvements in the company's base operating-income margin in the near term.
© 2014 European Supermarket Magazine
