Mondelez Will Spend $110 Million on New Snack Factory in Russia
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Mondelez International Inc., the U.S. company that makes everything from Oreo cookies to Trident gum, plans to spend $110 million on a new factory in Russia, navigating an increasingly tense geopolitical climate.
The company’s Russian unit will build the plant in the Novosibirsk region, adding enough capacity to produce 50,000 tons of snacks annually, spokesman Michael Mitchell said today in a statement. The factory, which will be Mondelez’s most advanced facility in Russia, is expected to create 180 jobs.