Cadbury India, a unit of Mondelez International, is investing close to Rs2000 crore in Sri City SEZ to manufacture chocolates and other products. The Sri City facility will be its biggest manufacturing facility in the Asia-Pacific region. Cadbury India has signed an agreement with Sri City for taking 134 acres of land on lease.
The initial phase expected to start in mid-2015 would involve an investment of over Rs 1,000 crore. Next three phases would add another Rs1000 crore by 2020. Cadbury India has its manufacturing facilities in Himachal Pradesh, Maharashtra, Karnataka, Madhya Pradesh and Andhra Pradesh.
The multi-category food campus will be the largest chocolate manufacturing plant in India and the largest Mondelez International manufacturing facility in Asia Pacific. The facility is expected to create close to 1,600 direct jobs by 2020.Once completed, this project will set examples in production efficiency, energy saving, emission reduction and community involvement. Other FMCG companies in Sri City SEZ include PepsiCo, Kellogg’s and Colgate Palmolive. Sri City SEZ is now home to over 90 industrial units from 25 countries.
Ravindra Sannareddy, Managing Director, Sri City said, “We are profoundly happy that Cadbury India has chosen Sri City to establish their largest manufacturing plant in the Asia Pacific region. This significant investment establishes Sri City as a destination of choice for the FMCG and food industry. The location and infrastructure is well suited to meet the demanding requirements of the industry. Together with our client base of over 90 companies from 25 countries, the huge investment and employment generation by Cadbury would add impetus to the economic development of the region”
Cadbury India Ltd. is part of the Mondelez International group of companies. Cadbury India operates in five categories – Chocolate confectionery, Beverages, Biscuits, Gum and Candy. In the Chocolate Confectionery business, Cadbury has maintained its undisputed leadership over the years. Some of the key brands are Cadbury Dairy Milk, Bournvita, 5 Star, Perk, Bourneville, Celebrations, Halls, Éclairs, Tang and Oreo.
Mondelez International, Inc. (NASDAQ: MDLZ) is a global snacking powerhouse, with 2012 revenue of $35 billion. Creating delicious moments of joy in 165 countries, 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. Mondelez International is a proud member of the Standard and Poor’s 500, NASDAQ 100 and Dow Jones Sustainability Index. Visit http://www.mondelezinternational.com and http://www.facebook.com/mondelezinternational.