Mondelez to reopen war-damaged potato-chip plant outside Kyiv

Mondelez Worldwide emblem and inventory graph are seen displayed on this illustration image taken July 26, 2021. Image taken July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photograph

NEW YORK, June 25 (Reuters) – Mondelez Worldwide Inc (MDLZ.O) 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 stated.

The Oreo cookie maker will proceed making repairs on the manufacturing unit, which sustained critical injury in March, because it resumes manufacturing, she stated in an e-mail.

The plant, in Vyshhorod, makes the native model of potato chip known as Lyuks. Mondelez’s biscuit manufacturing unit in Trostyanets, within the jap area of Ukraine, stays closed after it suffered “important injury.” learn extra

Chicago-based Mondelez flagged in earnings releases that the affect of the battle in Ukraine battle on world 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. learn extra

The corporate, which owns the Cadbury model, stated it recorded $75 million in property, plant and gear impairments from the battle.

Dealing with 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

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