Hormel Foods to invest $150mn in its food processing facility in Nevada, USA
Hormel Foods Corporation has announced it will invest approximately $150mn to expand its Burke Corporation facility in Nevada, USA.
The Fortune 500 company said that the investment will nearly the double the size of the facility from 225,000 sq ft of production, warehouses and offices, to around 435,000 sq ft.
The funding aims to expand the company's output of pizza toppings and other cooked meats for food manufacturers, pizza operators, and food distributors.
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“This expansion of our Burke facility is a significant and strategic investment, allowing us to continue to expand and accelerate growth in our foodservice portfolio,” said Jim Snee, president and chief executive officer at Hormel Foods.
“Burke has been a leader in the pizza topping industry, and this expansion will provide them with the additional capacity to meet the growing demand for its products.”
The expansion will also add around 210 new jobs to the workforce.
Chad Randick, president of Burke Marketing Corporation, added: “This investment is a testament to the Burke team and the pride every one of our team members puts into the creation of our customer’s products.
“The expansion will be a positive force for the Nevada community, bringing added jobs and boosting the local economy. We are proud to expand in Nevada and Story County where Burke has called home since 1974.”
The construction is expected to be completed by early 2020.