Mondelez invests $100M in Czech biscuit plant

11/19/2013 | FoodBusinessNews.net (free registration) · FoodNavigator

Mondelez is investing $100 million in a Czech Republic plant to make its Oreo cookies and belVita breakfast biscuits. European net revenues for Oreo and belVita have grown 25% and 18%, respectively, since 2009. The plant will provide 200 new jobs. Mondelez reported a year-to-date growth of 5.5% in the global biscuit category in its third quarter results, down from 7.4% last year.

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