Cadbury Upgrades Factory with $130m

The Managing Director, Cadbury Nigeria Plc, Emil Moskofian, has said the ongoing upgrade of the company’s facility will gulp $130 million.

According to Mr. Moskofian, the company has already spent $100 million in the first phase of the facility upgrade, which has been completed; while the second phase, which is currently ongoing, is expected to cost $30 million.

He said this in Lagos following a facility tour and the unveiling of the new Cadbury Bournvita 500 grams pack.

The MD, who explained that the upsizing to 500g pack was aimed at adding more vitality to consumers, expressed delight that not only was the factory state-of-the-art, Bournvita had also been re-endorsed by the Nutrition Society of Nigeria “–reconfirming its nutrition credentials.”