Dive Brief:
- Mondelez International is putting $24 million toward its Gebze, Turkey plant, which makes local gum, candy, and chocolate brands and globally-recognized ones such as Halls and Trident, they announced.
- Antoine Collette, the managing director of Mondelez Turkey, said, "This new investment enables us to play an even bigger role in supporting the growth of our global confectionery business."
- The company's "supply-chain reinvention plan" is predicted to save billions, including $3 billion in gross-productivity savings.
Dive Insight:
Mondelez has been pretty busy lately. It just bought a large stake in a Vietnamese food manufacturer and is thinking positively despite a dip in profits. It's hard to say whether this reorganization is really going to work.