Mondelez invests in new Nigeria plant
To meet the demand for its popular cocoa drink Cadbury Bournvita, Mondelez International announced it has invested more than $50 million in a new Lagos, Nigeria production facility.
“Our new Lagos plant is the latest example of our global effort to build a world-class supply chain,” said Daniel Myers, executive vice president, integrated supply chain. “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.”
The new plant is fully automated, replacing an older facility which was unable to support the necessary expansion plans. In addition to increased capacity, the company says the new plant will enhance the quality of the company’s products and improve competitiveness in the Nigerian marketplace by reducing operating costs.