US: Flowers Foods to expand former Tasty Baking plant
Flowers Foods is to invest US$31m in the expansion of its Oxford facility
Flowers plans to spend around US$31m on increasing capacity and adding a new production line at the facility in Oxford in Pennsylvania.
The new line is expected to add around 77 jobs to the bakery by next year. The company will also add a bun production line to the facility in the future to meet market demand at an additional cost of $18m.
George Deese, Flowers' chairman and CEO, said yesterday (11 April) that the company's plan is in keeping with its growth strategy to reach 75% of the US population with its baked foods and to grow sales 5% to 10% annually.
Deese said the project will add 90,000 sq ft to the Oxford bakery, which will produce a soft variety and speciality breads under Flowers' brands including Nature's Own.
US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions....
- USDA's GMO move may block mandatory labels
- Premier Foods to push on with range revamp
- Why FMCG background key for next Thorntons CEO
- Focus: Why Dairy Crest needs to offload dairies
- UK Responsibility Deal must solve credibility gap
- Unilever CFO Jean-Marc Huet stands down
- Mars launches "healthy" snacks Goodnessknows
- Premier Foods sees FY profits fall
- Kerry adds to Mattessons' adult snacking range
- Mondelez to cut jobs at Chicago site
- Mars Inc in Packaged Food (World)
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- Pizza Delivery & Takeaway in the UK - Industry Market Research Report
- Chocolate Flavors Market by Application & Region - Global Trends & Forecast to 2019
- Global Database of the Top 1000 Chocolate and Confectionery Producers - Company Names, Financial Performance, and Contact Details