Ambode to commission Cadbury’s new manufacturing plant

Akinwunmi Ambode, Executive Governor of Lagos State, is expected to commission Cadbury’s new State-of-the-art Manufacturing plant on Friday October 16th.

Also expected at the commissioning ceremony is the Executive Vice President, Integrated Supply Chain, Mondelēz International, Daniel Myers and top government officials.

The plant will boost Cadbury’s production capacity by nearly 37 percent to meet surging demand for its chocolate drink, Bournvita.

The new plant which is fully automated will replace an older facility which could not support the necessary expansion plans, including the installation of new equipment.

Mondelēz International embarked on the construction of the plant within Cadbury’s site at Agidingbi Ikeja Lagos which resulted into Direct Foreign Investment of over N10 billion.

‘’We embark now on a major new phase in our manufacturing capability,” said Bala Yesufu, Head Corporate and Government Affairs in West Africa for Cadbury Nigeria.

“This state-of-the-art plant which represents the single largest investment by Mondelēz International in Africa in the last two years is in line with our desire to keep pace with the latest technology in our business space; the need to demonstrate our leadership position in our sub-sector of the Nigerian economy.”

Cadbury Bournvita has been in existence for more than 50 years and is fortified with essential vitamins and minerals.

Recently, the Nutrition Society of Nigeria (NSN) re-endorsed Cadbury Bournvita, as a food drink rich in energy and essential micronutrients.

Cadbury Nigeria is a 74.99 percent – owned subsidiary of Mondelēz International, a global snacks powerhouse with an unrivalled portfolio of brands.

The remaining 25.01 percent of shares are held by a diverse group of indigenous, individual and institutional investors.

Mondelēz International, Inc. (NASDAQ: MDLZ) is a global snacking powerhouse, with proforma 2014 revenue of more than $30 billion.

Creating delicious moments of joy in 165 countries, Mondelēz International is a world leader in biscuits, chocolate, gum, candy,  and powdered beverages, with billion-dollar brands such as Oreo, LU and Nabisco biscuits, Cadbury, Cadbury Dairy Milk and Milka chocolate, Trident gum and Tang powdered beverages.