(Reuters) – Kraft Heinz Co mentioned on Tuesday it plans to take a position 140 million kilos ($198.83 million) in its meals manufacturing facility in northwest England over the subsequent 4 years, topic to U.S. approval.
The funding could be the corporate’s largest growth of an current manfacturing website exterior america in additional than 20 years.
The plans for the Kitt Inexperienced plant northwest of Manchester could be geared toward including manufacturing of Heinz ketchup, mayonnaise and salad cream. The cash will even fund tools and know-how and create as much as 50 new full-time jobs, the corporate mentioned.
The plant will proceed making Heinz soups and pasta. It already makes 1.3 billion cans of meals per yr.
“The Kraft Heinz funding is a vote of confidence within the UK financial system from a serious U.S. agency and a lift that can imply jobs and progress for the native financial system,” UK Minister for Funding Gerry Grimstone mentioned in an announcement.
Kraft Heinz mentioned the plan was one of many largest proposed investments in British manufacturing since Brexit however didn’t present particulars.
(Reporting by Siddharth Cavale and Praveen Paramasivam in Bengaluru; Modifying by Cynthia Osterman)
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