Mondelez International Inc. plans to spend $110 million on a new factory in Russia. The Deerfield-based snack food company said the plant will be able to make 50,000 tons of snacks a year, Bloomberg reports.
The company behind Oreo cookies, Premium saltines and Trident chewing gum is pushing ahead with expansion in the country even as political tensions build over Russia’s move to annex Crimea from Ukraine.
Oak Brook-based McDonald’s last week closed its three restaurants in Crimea. The chain kept open its more than 400 locations throughout Russia. The world’s biggest hamburger chain said the closures were “strictly a business decision which has nothing to do with politics.”