The Hershey Company (NYSE: HSY):
EXPANDS MANUFACTURING FOR ICONIC HERSHEY BRANDS : Plant in Hershey, PA, is new ‘home’ for Hershey’s® Bars, Hershey’s® Kisses® Chocolates, Hershey’s® Syrup and Rolo® Candies
LARGEST CAPITAL INVESTMENT IN DECADES : $300 million investment in latest manufacturing technology continues Milton Hershey’s dedication to innovation, quality and excellence
NEW PLANT TO HAVE +$1 BILLION IMPACT ON PENNSYLVANIA ECONOMY OVER THE NEXT FIVE YEARS : Significant forward-looking advantages to the region’s economy with jobs, supplier contracts and related spending that benefit the region and entire stateThe Hershey Company (NYSE: HSY) today announced that the world’s most technologically advanced chocolate making facility – a $300 million investment in Hershey, Pa., that positions the company for its next 100 years of global growth – is officially “open for business.” The new facility features proprietary, state-of-the-art technology never before used in the manufacture of confectionery. The new technology was developed specifically for the plant, including highly automated, large-scale Hershey’s Kisses Chocolate operations. The plant’s advanced Information Technology systems include automated, real-time diagnostics systems to help keep operations running smoothly 24 hours a day. The expanded West Hershey facility is one of the company’s largest capital investments and represents one of the largest construction projects in Pennsylvania in two decades. Today’s formal opening highlights Hershey’s strategy to grow its business globally while remaining true to its heritage and values, grounded in more than a century of chocolate making and confectionery innovation in Hershey, Pa. “Today, we are celebrating our proud Pennsylvania heritage, the growing popularity of Hershey products in global markets, our continuing investments in productive technology and our great workers who make it possible to enjoy these iconic products,” said John P. Bilbrey, President and CEO, The Hershey Company.
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