Breaking Finance News

Chobani Starts Expansion to Largest Yogurt Plant in the World

Chobani announced a huge expansion to its Twin Falls, Idaho manufacturing facility, which is to expand the capacity of production to meet its demand for existing and new products.

As the category of yogurt and overall consumption continues growing, Chobani will self fund its major expansion, including purchasing and converting three production lines as well as a bulk production line for its opportunities in foodservice, opportunities to drive more growth in the hotel, restaurant, school and airline channels.

In addition, it is purchasing new equipment for other categories like its Meze and its yogurt drinks, which the business just recently unveiled.

Chobani is also launching a number of products in new international markets like Puerto Rico and Mexico, during this year’s second quarter. This will further its mission of making better food for more people.

This newest investment is to help drive the continued growth in the region and state.

It bought the site in Idaho in 2013, which is the second manufacturing facility in the U.S. for Chobani and the largest production facility for yogurt in the world.

Chobani had invested previously over $450 million to build the facility, which has over one million sq. feet.

Hamdi Ulukaya the CEO and Chairman of Chobani said that building the world’s largest manufacturing plant for yogurt and expanding it in just three years is a proud time for the company and is an example of how correct the company was in picking Idaho as a second home.

The success in both New York and Idaho is another example of the strength and power of manufacturing in the U.S. To companies in the food industry such as ours, it is a sign of a momentum of the time it was started.

The presence of Chobani in Idaho has helped to be a catalyst in attracting other new jobs and has created a substantial economic impact within the region.

As well as its expansion plans for Twin Falls, the yogurt maker is exploring plans of expanding its original plant located in New York.

The company receives as much as 4 million pounds daily of fresh milk in Idaho and New York and employs over 2,000 people.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.