RICHMOND, VA — Mondelez International, a leading global snack brand, has announced it will invest $122.5 million in its Henrico County supply chain operations over a period of three years.
The investment includes a 68,000-sq.-ft. expansion of its Richmond biscuit bakery, which will support its Richmond manufacturing operations and enable the site to house a high-speed Oreo production line. This bakery location is the brand’s East Coast hub for its US operations and employs more than 500 people.
In addition, the company will also be opening a new sales fulfillment center near the biscuit bakery. The center will support Mondelez sales and distribution and is scheduled to open in 2022, creating approximately 80 new jobs in Henrico County.
“Mondelez International’s long-term investment in central Virginia is a testament to the region’s top-notch talent and strong business climate,” said Virginia’s Gov. Ralph Northam. “We thank Mondelez for its long-term partnership and we look forward to its continued success here in the Commonwealth.”
Mondelez was equally enthusiastic about the partnership and looked forward to reaffirming and enhancing its role in the Richmond manufacturing site, as well as across the broader supply chain.
“Our Richmond Biscuit Bakery has been a proud part of our company’s operations for nearly five decades and is geographically well-situated as the hub for our East Coast US biscuit manufacturing,” said Troy Ellis, Mondelez International senior VP of North America supply chain. “As we focus on leading the future of snacking, our presence in Henrico County continues to play an important part in us creating a best-in-class integrated supply chain which supports our US business both now and for the future.”
The Virginia Economic Development Partnership worked with the Henrico Economic Development Authority to secure this investment for the state of Virginia. The governor approved a performance-based grant of $1.8 million from the Virginia Investment Performance Grant as an incentive to encourage continued capital investment by existing Virginia companies. It will be paid three years after the company achieves and maintains its pledged capital investment and job creation.
“Mondelez has been making quality products in Henrico for nearly 50 years,” said Henrico County Board of Supervisors member Tyrone E. Nelson. “Our county is grateful for the company’s continued commitment to Eastern Henrico, and we are excited about its investment in advanced manufacturing that will serve tens of millions of Americans.”
