USA: Mondelez to invest $122.5 million in facility expansion

Mondelez International, the snack and confectionery multinational, has announced an investment of $122.5 million to expand supply chain operations during the next three years in Virginia.

The investment will be used to expand the Richmond Biscuit Bakery by 68,000 square feet, enabling it to house a high-speech Oreo production line,  and to open a sales fulfillment centre, which will create about 80 jobs.

“We are excited about these further investments in our U.S. biscuit network and the opportunity to reaffirm and enhance the role of our Richmond manufacturing site, as well as our broader supply chain and business footprint here in Henrico County and in the commonwealth of Virginia,” Troy Ellis, Mondelez senior vice president of North America supply chain, said in a statement. “Our Richmond Biscuit Bakery has been a proud part of our company’s operations for nearly five decades and is geographically well-situated as the hub for our East Coast U.S. biscuit manufacturing. As we focus on leading the future of snacking, our presence in Henrico County continues to play an important part in us creating a best-in-class integrated supply chain which supports our U.S. business both now and for the future”.

Source: Virginia Business