Manama, Bahrain - 01 October 2014 - Mondelez International plans to invest $90 million in building a biscuit plant in the Kingdom of Bahrain to meet rising demand in the Middle East and Africa. With full commercial production scheduled to start in early 2016, the planned facility will be Mondelez International's most advanced manufacturing site in the Middle East and Africa, where demand for its biscuits has been growing at double-digit rates.
In the initial two- to three-year phase, the new plant will operate four biscuit-manufacturing lines with a total capacity of nearly 90,000 tons per year. Like other, state-of-the-art Mondelez International plants, the facility is scalable.
"We are investing for the future, and are very grateful to the Government of Bahrain for its long-standing and unwavering support of our investments here," said Vishal Tikku, Mondelez International's Area Vice President for the Middle East.
The new plant will create as many as 300 direct jobs by the end of the initial phase and, through a multiplier effect, help sustain over 1,000 more in the local economy. Aimed at meeting demand in the Middle East and Africa for next 20 years, the facility has the potential to generate several hundred more direct jobs and sustain thousands of indirect jobs depending on future investment-decisions.
The Government of Bahrain is reclaiming the necessary land for construction of the new plant, with ground being made available to Mondelez International as early as December. The plot size of more than 250,000 square meters (2.7 million square feet) is the equivalent of 30 football pitches.
This is Mondelez International's second, major investment in Bahrain. The U.S.-based company has already invested more than $75 million in developing a Kraft Cheese and Tang powdered-beverage plant in Bahrain which has been operational since 2008. With a production capacity of 110,000 tons per year, the existing facility employs more than 240 people and has injected over $250 million in the local economy since construction through wages, and purchase of goods and services.
Mondelez International, Inc. (NASDAQ: MDLZ) is a global snacking powerhouse, with 2013 revenue of $35 billion. Mondelez International is a world leader in 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.