Mondelez’s plant in Trostyanets is now fully rebuilt after opening partially last year to make chocolates, according to a company statement.
The company said the Oreo cookies and other chocolates produced at the Ukrainian factory are not being exported to neighboring Russia.
Mondelez said it was making its business in Russia “stand-alone” with a self-sufficient supply chain by the end of 2023.
“We continue to increase our investments in supporting and rebuilding Ukraine,” the company said in the statement.
Norges Bank, Mondelez’s 11th-largest shareholder according to LSEG’s Eikon, backed the proposal, according to the fund’s disclosures.
Persons:
Mondelez, “, Dirk Van de, LSEG’s, ”
Organizations:
CNN, Nestle, Reuters, Milka, Cadbury, Norges Bank
Locations:
Ukraine, Trostyanets, Russia, Europe, Oreos, Georgia, Kazakhstan, Ukrainian, Mondelez’s