Mondelez to reopen war-damaged potato-chip plant outside Kyiv
By Jessica DiNapoli
NEW YORK (Reuters) – Mondelez Worldwide Inc plans to reopen a potato-chip plant on the outskirts of Kyiv subsequent week which was closed following Russia’s invasion of Ukraine, a spokeswoman mentioned.
The Oreo cookie maker will proceed making repairs on the manufacturing unit, which sustained critical harm in March, because it resumes manufacturing, she mentioned in an e-mail.
The plant, in Vyshhorod, makes the native model of potato chip referred to as Lyuks. Mondelez’s biscuit manufacturing unit in Trostyanets, within the jap area of Ukraine, stays closed after it suffered “important harm.”
Chicago-based Mondelez flagged in earnings releases that the influence of the struggle in Ukraine struggle on international commodities together with wheat and oil will dent its annual income by 3 cents per share and cut back its gross sales by $200 million.
The corporate, which owns the Cadbury model, mentioned it recorded $75 million in property, plant and tools impairments from the struggle.
Going through stress to exit Russia, the maker of Milka candies scaled again “non-essential operations” within the nation in early March.
(Reporting by Jessica DiNapoli in New York; Modifying by Mike Harrison)
