Kerry in €125m US investment
KERRY Group has announced details of its largest-ever capital investment with news that the Tralee-based multinational food giant is to invest $125 million into one of its US subsidiaries.
The investment will see Kerry Group’s Rome, Georgia facility transformed into a new worldclass food manufacturing facility.
The announcement was made at an event in Washington DC last Wednesday with over 400 business leaders from the US and Ireland present.
This is Kerry’s largest ever capital expenditure investment and when complete, the 360,000 sq. ft facility will be one of the most modern and efficient facilities of its kind in the world.
The facility will produce integrated taste and nutrition solutions to help customers meet growing consumer demand in the poultry, seafood and alternative protein markets.
As part of Kerry’s sustainability agenda, the new facility will use 100-per-cent renewable electricity and will have a number of other sustainable initiatives including zero waste to landfill, bulk-receiving and energy-efficient equipment.
Construction will begin immediately and is expected to be completed by early 2021, which will more than double the production capacity of the existing site within the same footprint.
This will significantly increase Kerry’s capacity in its largest market.
CEO of Kerry Taste and Nutrition North America Gerry Behan said the new plant will place Kerry Group at the very forefront of food tech.
“This new facility will be one of the most advanced and modern food manufacturing facilities in the world, which will support our customers as they produce tasty and nutritious food products, which will be consumed all across the US and Canada,” he said.
“World-class facilities, such as this one in Georgia, combined with our technology portfolio and our fantastic people allows us to co-create with our customers to produce tasty and nutritious food products that meet changing consumer demand,” added Mr Behan.