Mondelez Investing in Czech Republic
Mondelez International Inc. plans to invest more than $100 million in a biscuit manufacturing plant in the Czech Republic.
“We’ve seen phenomenal growth in our biscuit business in recent years, especially our Oreo and belVita power brands,” said Phil Hodges, senior vice president, integrated supply chain, Mondelez Europe, when the company announced the investment Nov. 18. “This new facility will help us keep up with future demand by creating additional capacity. We’ve used all of our supply chain and R&D expertise to create a state-of-the-art factory with lines capable of making over a million Oreo biscuits a day. After it is completed, this plant will be a model in our global supply chain network.”