Candy, Cookie Manufacturer Mondelez Restarts Oreo Factory In Ukraine, Eyes Independent Russian Operations
Portfolio Pulse from Shivani Kumaresan
Mondelez International Inc (NASDAQ:MDLZ) has resumed production of Oreo cookies in Ukraine after rebuilding its factory in Trostyanets, which was damaged during Russia's invasion. The company continues to operate in Russia despite boycotts and aims to make its Russian business self-sufficient by the end of 2023. Mondelez's products from Ukraine are being exported to Eurasian countries and sold domestically. The company faces shareholder pressure to assess the risks of continuing operations in Russia.
May 31, 2024 | 2:45 pm
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Mondelez has resumed Oreo production in Ukraine and aims to make its Russian operations self-sufficient by the end of 2023. The company faces boycotts and shareholder pressure regarding its continued presence in Russia.
Resuming production in Ukraine and aiming for self-sufficient operations in Russia are positive steps for Mondelez, potentially boosting revenues and operational stability. However, ongoing boycotts and shareholder pressure could pose risks.
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