Kraft Foods (NYSE:KFT) is set to invest $150 million in South Africa’s manufacturing plants.
Kraft Foods (NYSE:KFT) In Huge Manufacturing Investment
The U.S. based food and confectionery corporation Kraft Foods (NYSE:KFT) has announced that it will invest $150 million in South Africa over three years, in support of its local manufacturing business.
The company will focus on improving its brands like Cadbury’s Dairy Milk chocolate and Stimorol chewing gum. Kraft Foods (NYSE:KFT) said that it will invest R750 million in its PE manufacturing plant.
Kraft Foods (NYSE:KFT) president Sanjay Khosla said, “We focus on just five categories, 10 power brands and 10 priority markets. South Africa is a priority market for us, where we focus on power brands like Cadbury chocolate”.
Kraft Foods Inc. (NYSE:KFT) company shares are currently standing at 33.56.