Cadbury set to unveil new plant to boost production
Cadbury Nigeria, makers of Bournvita is set to commission a new manufacturing plant at its Agidingbi, Lagos site on Friday, Oct 16th, as part of its effort to increase production capacity and meet the increasing demands for its chocolate drink, Bournvita.
The new plant will be commissioned by the Lagos State Governor, Akinwunmi Ambode. Also expected at the commissioning is the Executive Vice President Integrated Supply Chain, Mondelez International, Daniel Myers and other top government officials.
The new state-of-the-art facility is said to be automated and will replace an older plant on the same facility, which is too obsolete to support the company’s expansion plans. The new plant will increase production by 37 percent.
“We embarked now on a new phase in our manufacturing capability,” said Bala Yesufu, Head Corporate and Government Affairs in West Africa for Cadbury Nigeria.
He added: “this state-of-the-art plant is in line with our desire to keep pace with the latest technology in our business space and the need to demonstrate our leadership position in our sub-sector of the Nigerian economy.”
The new factory cost N10bn and is the single largest investment by Mondelez, in Africa in the last two years. Mondelez owns 74.99 percent of Cadbury Nigeria, while a diverse group of indigenous and institutional investors own the rest.
Mondelez International operates in 165 countries and is a leading manufacturer of beverages and confectioneries like Oreo, Lu and Nabisco biscuits, Cadbury, Cadbury dairy milk and milk chocolate.