Oreo cookie maker, 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 corporate will proceed making repairs on the manufacturing unit, which sustained severe 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 world commodities together with wheat and oil will dent its annual earnings by three 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 gear impairments from the struggle.
Dealing with stress to exit Russia, the maker of Milka sweets scaled again “non-essential operations” within the nation in early March.
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