US-based food and beverage firm Mondelēz International plans to establish a cookie production facility in Interpuerto Technology Park in Monterrey, Mexico, with an investment of $600m, a move which will create about 1,200 new jobs.
The new facility will feature five production lines and state-of-the-art technology. It is expected to commence operations in mid 2014.
Mondelez stated that the aim will be to generate growth, develop new products, formats and packaging among other innovations, which will result in the creation of hundreds of jobs.
Mondelez International Latin America vice president Gustavo Abelenda Divola said that the new facility will be the company's largest cookie plant and demonstrates the Mondelez's long-term partnership with Mexico.
"This manufacturing facility reflects our confidence in the future of the country; we want to continue to contribute to its growth, providing investment and creating jobs, because like all of you, we at International Mondelez believe that this is possible," Divola added.
"Mexico is a strategic market of great importance to our company, of which this project is a clear example, since it will enable us to bolster our presence in the country."
Mondelez International was formed following the spin-off of Kraft Foods' North American grocery operations in October 2012, and its portfolio of brands include Cadbury and Milka chocolate, Jacobs coffee, LU, Nabisco and Oreo biscuits, Tang powdered beverages and Trident gum.
