Mondelez International Inc (NASDAQ:MDLZ) Plans To Invest More Than $100M In Biscuit-Manufacturing Plant


Dallas, Texas 11/20/2013 (Financialstrend) – Mondelez International Inc (NASDAQ:MDLZ) announced its plans to invest more than $100M in the most advanced biscuit-manufacturing plant at the company’s Opava site situated in the Czech Republic. This new investment will now create 200 new jobs making Oreo cookies & belVita breakfast biscuits. Since the year 2009, net-revenues for Oreo & belVita have risen by 25 % and 18 % respectively in Europe. This new plant will create added capacity to permit the business to be in line with future demand.

Phil Hodges, Sr Vice President for the Integrated Supply Chain, Mondelez International Inc (NASDAQ:MDLZ) Europe said about the launch – that the company has seen incredible growth in their biscuit business in the recent years, especially the company’s Oreo & belVita Power Brands. This particular facility will Mondelez International Inc (NASDAQ:MDLZ) keep up with the future demand by creating this added capacity. He said that they have used all their supply chain & R&D expertise to create this state-of-the-art factory that has lines that are capable of making more than a million Oreo biscuits / day. Once it is completed, the plant will be the model in the company’s international supply-chain network.”

Tuesday’s trading

In Tuesday’s trading session, Mondelez International Inc (NASDAQ:MDLZ) dropped by 0.71%. The shares opened at a price of $33.66, touched the intraday high of $34.06 and headed to a close of $33.72. Approximately 5.38M shares were traded on Tuesday and an average volume of 9.47 million shares were traded over a 30 day period. The 52-week low of Mondelez International Inc (NASDAQ:MDLZ) shares is $25.00 and its 52-week high is $34.30. The company has a market capitalization of $60.04 billion.

About the company

Mondelez International Inc (NASDAQ:MDLZ) is a snack-manufacturing company. It manufactures 7 markets food & beverage -products for consumers in around 165 countries across the world. Mondelez International Inc (NASDAQ:MDLZ) produces biscuits, candy, chocolate and powdered beverages and gum and coffee.