Mondelez sells confectionery plant in Russia | Progresiv
Mondelez International has announced the sale of a confectionery manufacturing plant in Russia to US cleaning products firm SC Johnson, which produces household chemicals (brands, “Mr. Muscle”, “Duck”, Glade, Raid). 
Under the terms of the transaction Mondelez will rent the plant to the end of the third quarter of 2017. Due to this, the company will finish production at the plant and gradually transfer the equipment to other Russian plants.
The plant in Chudovo with a capacity of over 40 thousand tons of chocolate products per year was opened in 1997. The decision to sell was made in connection with the intention to improve the efficiency of investments in production facilities in Russia.
Currently, more than 95% sold on the Russian market of the products produced in factories in Russia. In addition to the site in Chudovo is the factories in Veliky Novgorod, Pokrov, Sobinka, and Novosibirsk. (www.seenews.com)
