Oreo cookie maker, Mondelez International Inc, plans to reopen a potato-chip plant on the outskirts of Kyiv subsequent week which was closed following Russia’s invasion of Ukraine, a spokeswoman mentioned.
The firm will proceed making repairs on the manufacturing facility, which sustained severe injury in March, because it resumes manufacturing, she mentioned in an electronic mail.
The plant, in Vyshhorod, makes the native model of potato chip referred to as Lyuks.
Mondelez’s biscuit manufacturing facility in Trostyanets, within the japanese area of Ukraine, stays closed after it suffered “significant damage.”
Chicago-based Mondelez flagged in earnings releases that the impression of the struggle in Ukraine struggle on international commodities together with wheat and oil will dent its annual income by 3 cents per share and scale back its gross sales by $200 million.
The firm, which owns the Cadbury model, mentioned it recorded $75 million in property, plant and tools impairments from the struggle.
Facing stress to exit Russia, the maker of Milka goodies scaled again “non-essential operations” within the nation in early March.