Cadbury stakes N10b on new manufacturing plant
According to the firm, the new plant which is fully automated, is expected to improve production capacity by nearly 37 per cent and also replace an older facility, which could not support the necessary expansion plans, including the installation of new equipment.
In a statement made available to The Guardian, the Head of Corporate and Government Affairs in West Africa for Cadbury Nigeria, Bala Yesufu, explained that the new factory would generate greater efficiencies, enhance the quality of its products and position the company to be more competitive in the market.
Yesufu added: “This state-of-the-art plant which represents the single largest investment by Mondelēz International in Africa in the last two years, is in line with our desire to keep pace with the latest technology in our business space as well as enhance the need to demonstrate our leadership position in our sub-sector of the Nigerian economy”.
“As a mark of confidence in the Nigerian Economy, Mondelēz International embarked on the construction of this plant within our site at Agidingbi Ikeja Lagos which resulted into Direct Foreign Investment of over N10 billion,” he said.
The unveiling of the state-of-the-art manufacturing plant which would be done by the Executive Governor of Lagos State, Akinwunmi Ambode, is scheduled for Friday, October 16th, 2015.
Also expected at the commissioning ceremony is the Executive Vice President, Integrated Supply Chain, Mondelēz International, Daniel Myers and some top government officials.
Yesufu said for more than 50 years of its existence,Cadbury Bournvita has continued to remain the pride of the pack in the food drinks market,delivering great-tasting cocoa beverage, fortified with essential vitamins and minerals to consumers throughout Nigeria.
According to him,the Nutrition Society of Nigeria(NSN) recently re-endorsed Cadbury Bournvita, as a food drink rich in energy and essential micronutrients .It is the first food drink to be endorsed by the Society,which is Nigeria’s collection of experts on nutrition from the industry.