- Hershey Co HSY is planning to spend about $90 million to launch two new production lines in a Mexican plant in the northern border state of Nuevo Leon, Reuters reported.
- The plant expansion plan is likely to increase the output by 25%.
- The report mentioned that the move is expected to create 300 new jobs, in addition to the 2,500 already employed at the plant.
- "With this investment, we are likely to go from fourth place to third among Hershey's largest plants," the report quoted Nuevo Leon Governor Samuel Garcia.
- Related: Hershey Sweetens FY22 Forecast On Q2 Earnings Beat
- Price Action: HSY shares are trading higher by 0.27% at $226.08 on the last check Friday.
- Photo Via Wikimedia Commons
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