USA: Hormel Foods to build distribution facility in Dayton
Products will be shipped from this distribution center to customers in the eastern one-half of the U.S. Refrigerated and frozen foods handled by this facility will include Cure 81® ham, Always Tender® fresh pork and Hormel® fully cooked entrees, Little Sizzlers® pork sausage and various Hormel® bacon and dry sausage items.
"This new facility will enable us to meet growing consumer demands for our refrigerated and frozen consumer-branded products through improved customer service," said V. Allan Krejci, vice president of public relations for Hormel Foods.
The project has been nurtured by the cooperative efforts of the City of Dayton; the State of Ohio; the Dayton Regional Development Alliance; and the Montgomery County Economic Development and Government Equity (ED/GE) Program.
"This is certainly exciting news for the City of Dayton," Mayor Michael R. Turner said. "Adding a major international company like Hormel Foods to the Northwest Industrial Park illustrates how attractive Dayton is for companies that are establishing new business operations. In an increasingly competitive marketplace, companies are looking for environmentally safe land, new infrastructure systems and easy access to major transportation routes, and Dayton can offer all of that at a competitive price."
"Hormel Foods Corporation is an important member of Ohio's business community and we appreciate the economic contribution the company has made in our state," Governor Bob Taft said. "Ohio is dedicated to fostering business growth in the state. The Ohio Department of Development worked closely with local officials to establish a plan to move the project forward in the Dayton area."
Pending final approval by the authorized agencies, the State of Ohio's Department of Development will assist the expansion by providing $400,000 for roadway infrastructure, $200,000 for water and sewer improvements, and $62,500 for job training for employees. State assistance is contingent upon final approval from the Ohio Job Creation Tax Credit Authority and/or the State Controlling Board. The City of Dayton and the Montgomery County ED/GE program have approved $300,000 each for roadway and infrastructure improvements.
Hormel Foods Corporation is a multinational manufacturer and marketer of meat and food products. The 109-year company has annual sales of $3.26 billion and employs 12,200 people worldwide, including subsidiaries.
"We are very excited about becoming part of the Dayton community," said Krejci. "We looked at many possible sites to locate our new distribution facility and found that Dayton offered the best package. It has been reassuring to see how the City of Dayton, the Miami Valley region and the State of Ohio worked together to meet our needs and convince us that Dayton is where we want to be."
Stephen Lake, President of the Dayton Regional Development Alliance, said, "We are pleased that Hormel Foods has decided to locate their new distribution facility here in Dayton. Their decision illustrates what can happen if we all work together as a region to meet a company's operational and employment needs."
Expansion Management magazine has ranked Dayton in its list of top 50 business-friendly communities. Dayton was listed in the publication's 1999 "Hottest Cities In America" issue, citing communities that "sizzle ... when it comes to attracting business."
A groundbreaking event for the facility will be scheduled sometime this month.
Companies: Hormel Foods
Hormel Foods Corporation, the multinational marketer of consumer-branded meat and food products, has reported fiscal 2006 first quarter net earnings of US$69.3m, up 7% from last year. Diluted earnings...
US consumer-branded meat and food products firm Hormel Foods has reported fourth quarter net earnings of $81.7m, up from of $69.8m a year earlier. Sales totalled $1.5bn, up from $1.3bn in fiscal 2004....
US consumer-branded meat and food products firm Hormel Foods has increased its fourth-quarter earnings guidance, boosted by better-than-expected results from the Jennie-O Turkey Store and grocery prod...
US food maker Hormel Foods has named Jeffrey Ettinger to be the company's ninth chief executive officer....
US food company Hormel Foods has reported lower third-quarter profit but said the outlook for the business was good going into the fourth quarter....
The domestic operations of Philippines food company San Miguel have posted a second quarter operating income of 800m pesos (US$14.3m) for the second quarter, four times the first quarter result and 27...
Food processor Hormel Foods has announced the retirement of two senior executives and a series of management changes to follow those retirements....
Food processor Hormel Foods is ceasing the use of chemical preservatives to process one of its sliced meats lines....
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Wessanen eyes growth in "resurgent" organic market
- Does Kraft Heinz want to swallow Unilever whole?
- Unilever launches operational review
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry's Scanlon to replace McCarthy as CEO
- Mondelez launches savoury snacks brand Vea