International snack firm Mondelez to bring production to Turkey

ANKARA - Anadolu Agency

Prominent snack company Mondelez International will bring its chewing gum production plant to Turkey this year, the country manager said on March 28.

İhsan Karagöz said the multinational company would relocate its plant from France, a sign of growing confidence in the Turkish economy.

“Production in Turkey will be an important step for sales in Europe,” he added.

Karagöz said the company expects to increase exports by 22 million Turkish Liras ($5.5 million) through this move.

He added that the relocation would produce 1,200 tons of chewing gum, a 9 percent increase.

The company aims to invest 42 million liras ($10.5 million) in 2018, said Karagöz.

In the last six years, the company has invested 200 million liras ($82.5 million), he noted.

The country manager also said the export volume of Mondelez International Turkey stood at 220 million liras ($60.2 million) in 2017, up 56 percent compared to 2016.