Banbury, England - 07 November 2014 - Mondelez International plans to invest $50 million in its Banbury, UK factory to build two new lines that will manufacture Tassimo beverage capsules. The planned investment will create close to 80 roles.
Tassimo is Europe's fastest growing single-serve system, brewing a wide variety of beverages including Jacobs and Costa coffees and Cadbury hot chocolate. The Tassimo capsules produced in Banbury will be exported to Western European coffee markets in France and Spain as well as distributed in the UK.
"Tassimo is a key driver of growth for our European coffee business, so this $50 million opportunity is a great one for Banbury," said Phil Hodges, Senior Vice President, Integrated Supply Chain, Mondelez Europe.
Continued investment in the plant has created an efficient and modern factory capable of producing both instant and capsule coffees for Mondelez International's brands. The $50 million investment, conditional on commitments to flexibility and cost competitiveness, will fund two new Tassimo coffee production lines to be installed in 2015.
"The proposed investment opportunity demonstrates that, in an increasingly competitive environment, the UK continues to be a prime location for large-scale manufacturing," said Paul Sinclair, Head of Manufacturing at the Mondelez International Banbury site.
Mondelez International, Inc. (NASDAQ: MDLZ) is a global snacking powerhouse, with 2013 revenue of $35 billion. Mondelez Europe has over 30,000 employees in 33 countries and around $14 billion in revenue in 2013.