Mondelez to Invest $24M in Turkey
Mondelez International plans to invest $24 million to increase capacity of its state-of-the-art 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 Falim, Sipsevdi, 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 new line is expected to be operational by the end of 2015.
"Today, our plant in Gebze produces for nearly 50 different countries," says Antoine Collette, managing director Mondelez 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."
Mondelez 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.
The Gebze plant produces local brands in gum, candy and chocolate, such as Falim, Sipsevdi, 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 new line is expected to be operational by the end of 2015.
"Today, our plant in Gebze produces for nearly 50 different countries," says Antoine Collette, managing director Mondelez 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."
Mondelez 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.