|10-02-2014, 04:15 PM||#1|
Mondelez International hits Bahrain with $90 million biscuit plant
Mondelez International, one of the top leading worldwide food companies, announced it is planning to build a $90 million biscuit-plant in Bahrain in an attempt to reduce cost productions and meet profitably amid rising demand for its food products.
This multi-million biscuit plant that mainly consists of Oreo, Ritz and Cadbury chocolate is projected to start its production at full capacity starting 2016, according to the food company.
This investment will essentially allow Mondelez International to reduce its production costs as the company expects over the next three years around $3 billion in gross-productivity savings and $1.5 billion in net savings.
Daniel Myers, Mondelez International Executive Vice President said in a statement: "This investment in Bahrain is 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," he added.
As for Bahrain this gigantic investment will attract further foreign investments and is expected to create 300 jobs.
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