Mondelez wants to reopen war-damaged potato chip factory outside of Kyiv

Mondelez International headquarters on January 10, 2022.

Christopher Dilts | Bloomberg | Getty Images

Mondelez plans to reopen next week a potato chip factory on the outskirts of Kyiv that was closed after the Russian invasion of Ukraine, a spokeswoman said.

The Oreo cookie maker will continue to make repairs at the factory, which suffered severe damage in March, while restarting production, it said in an email.

The Vyshhorod plant produces the local brand of potato chips called Lyuks. Mondelez biscuit factory in Trostyanets in eastern Ukraine remains closed after suffering “significant damage”.

Chicago-based Mondelez indicated in earnings releases that the impact of the war in Ukraine on global commodities, including wheat and oil, will eat away at its annual earnings by 3 cents a share and reduce its sales by $200 million.

The company, which owns the Cadbury brand, said it has recorded $75 million in property damage from the war.

Facing pressure to leave Russia, the Milka chocolate maker scaled back “non-essential operations” in the country in early March.

https://www.cnbc.com/2022/06/25/mondelez-to-reopen-war-damaged-potato-chip-plant-outside-kyiv.html Mondelez wants to reopen war-damaged potato chip factory outside of Kyiv

Joshua Buckhalter

World Time Todays is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@worldtimetodays.com. The content will be deleted within 24 hours.

Related Articles

Back to top button