Mondelez Opens Its Largest Plant in Asia Pacific at Andhra Pradesh
Dated: April 26, 2016
Mondelez, best known for its Cadbury chocolates, on Monday inaugurated a Rs 1,265-crore plant in Tada, SriCity, Andhra Pradesh, making it the company's seventh manufacturing unit in the country. The multi-category food campus is expected to reach an annual capacity of 2.5 lakh tonnes of production in three phases by 2020.
Mondelez looks at India as a regional hub, with the plant capable of multiple products. The plant would initially produce chocolates and eventually other foods, said Daniel Myres, executive vice-president, integrated supply chain, Mondelez International.
Mondelez has invested Rs 670 crore in its six other plants in the country: two in Maharashtra, two in Himachal Pradesh and one each in Madhya Pradesh and Andhra Pradesh. In the past few years, packaged food companies like Kellogg’s, Mars, Cargill, Coca-Cola and PepsiCo have made significant investments in India.
“We are co-operating with Mondelçz International to make this possible, Chitoor produces 13 lakh litres of milk, which can be used for converting to milk powder with the industry collaboration. So far the investment for the Cadbury factory alone accounts for about Rs2,300 crore,” said Andhra Pradesh Chief Minister N Chandrababu Naidu.
"Mondelez International is putting its resources behind its commitment to this country, not only through its investment, but also behind its brands, route to market and talent," said Maurizio Brusadelli, president, Asia-Pacific.