Mondelēz International To Invest More Than $5M In Biscuit And Baked Snacks Lab And Innovation Kitchen In Singapore
Portfolio Pulse from Benzinga Newsdesk
Mondelēz International, Inc. (NASDAQ:MDLZ) has inaugurated a new Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, with an investment of over $5 million USD. This facility aims to drive innovation and product development across Southeast Asia, Australia, New Zealand, and Japan.
May 28, 2024 | 8:19 pm
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Mondelēz International has opened a new Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, investing over $5 million USD. This move is expected to enhance the company's product development and innovation capabilities in Southeast Asia, Australia, New Zealand, and Japan.
The investment in the new lab and innovation kitchen is likely to enhance Mondelēz's product development capabilities, potentially leading to new product launches and increased market share in the region. This positive development is expected to have a favorable impact on the company's stock price in the short term.
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