Mondelez International, a manufacturer of chocolate, biscuits, gum, and candy as well as coffee, has announced plans to invest $50 million in its Banbury, United Kingdom, factory to build two new lines that will manufacture Tassimo beverage capsules. Tassimo is Europe’ fastest-growing single-serve system, brewing a wide variety of beverages including Jacobs and Costa coffees and Cadbury hot chocolate.
The decision is part of Mondelez International’s multi-year investment in European manufacturing, under which $1.5 billion has been invested since 2010. The planned investment will create close to 80 jobs and coincides with the 50th anniversary of the Banbury factory, which produces coffee brands such as Kenco, Carte Noire, and Maxwell House. The Tassimo capsules produced in Banbury will be exported to Western European coffee markets in France and Spain ;as well as distributed in the U.K.
“Tassimo is a key driver of growth for our European coffee business, so this $50 million opportunity is a great one for Banbury,” said Phil Hodges, Senior Vice President, Integrated Supply Chain, Mondelez Europe. “Over the past 18 months, we’ve made similar investments in Bournville and Sheffield, underscoring our commitment to U.K. manufacturing. The proposed investment is part of our vision to manufacture our products on state-of-the-art lines that will enable us to meet growing demand while increasing our competitiveness.”
