US Edition
Ketchup maker Kraft Heinz investing $3 billion upgrading U.S. manufacturing: Reuters
- Kraft Heinz announced a $3 billion investment to upgrade its U.S. Factories, marking its largest plant upgrade in a decade.
- The company chose this investment due to low consumer sentiment, cut forecasts, and President Trump's recently implemented 10% tariffs on imports.
- The upgrades are expected to reduce expenses, enhance plant productivity, speed up the development of new products, and generate approximately 3,500 temporary construction positions at current factory sites.
- Pedro Navio, Kraft Heinz's North America president, explained in a Reuters interview that the investment is motivated not only by improving operational efficiency or addressing tariff-related issues but also by the company's long-term production goals.
- This investment is intended to help Kraft Heinz maintain its market position and ensure sustainable food production amid economic challenges and tariff impacts.
17 Articles
17 Articles
Trump Lands Another One: German Co. Moving Manufacturing to US and Pouring Money Into $1.5 Billion American Project Center
President Donald Trump appears to be delivering on his promise to bolster the U.S. economy as foreign companies continue to make huge investments in American businesses and jobs. On Tuesday, […] The post Trump Lands Another One: German Co. Moving Manufacturing to US and Pouring Money Into $1.5 Billion American Project Center appeared first on The Western Journal.
WINNING: America’s 5th Largest Food & Beverage Company to Spend $3 BILLON on US Factories * 100PercentFedUp.com * by M Winger
The 5th largest food processor, Kraft Heinz, is pouring $3 billion into its U.S. factories. The move follows President Trump’s sweeping April tariffs on imports. And the upgrades done to these factories will help them lower the cost on their goods. Curious how those “evil tariffs” keep benefiting us, eh? CEO Pedro Navio says the upgrades will also speed new products, and boost consumer confidence. With 30 plants making ketchup and mac and cheese…
US News Spotlight: Tumult in Politics and Economy
The US grapples with several critical issues, from military funding disputes to major economic investments. The Navy's fighter jet program is at odds over funding, while Kraft Heinz commits $3 billion to U.S. manufacturing upgrades. Sean 'Diddy' Combs' legal challenges persist, and public concern grows over Trump's response to a measles outbreak.
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