Kraft Foods (Suzhou) Co. Ltd., part of the Mondelez International family of companies, today – June 13 – hosted a groundbreaking ceremony for the expansion of its biscuit plant in Suzhou, China.
With a total investment of approximately $85 million, the project spans 30,000 square meters (more than 98,000 square feet) and is expected to be completed in August 2014.
The project will more than double the plant’s current capacity and create 340 new jobs. The Suzhou plant will feature state-of-the-art production lines to make Oreo and Chips Ahoy! biscuits to meet the growing demand from Chinese consumers.
This project is consistent with the company’s previously announced strategy to invest in emerging markets to drive sustainable, profitable growth.
“We deeply appreciate the Suzhou government’s help and support for Kraft Foods China and this project,” said Shawn Warren, president of Kraft Foods China.
“The Kraft Foods’ Suzhou plant has set examples in the Suzhou Industrial Park in terms of production efficiency, energy savings, emissions reductions and community involvement,” said Madam Sun YanYan, Vice Chairman of the Suzhou Industrial Park Administrative Committee. “We’re pleased to see that this project will further drive the development of the local economy.”
Mondelez International currently operates two manufacturing plants and a regional biscuit research and development center in Suzhou.
Mondelez International, Inc. (NASDAQ: MDLZ) is a global snacking company, with 2012 revenue of $35 billion. Operating in 165 countries, Mondelez offers chocolate, biscuits, gum, candy, coffee and powdered beverages, with billion-dollar brands such as Cadbury, Cadbury Dairy Milk and Milka chocolate, Jacobs coffee, LU, Nabisco and Oreo biscuits, Tang powdered beverages and Trident gum.
In the picture above: Sun Yanyan, Vice Chairman of Suzhou Industrial Park Administrative Committee and Shawn Warren, President of Mondelez China, mark the opening of the company’s expanded biscuit factory in Suzhou, China.
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