The Hershey Company (NYSE: HSY) today celebrated the 30 th anniversary of its Stuarts Draft manufacturing facility in central Virginia. In honor of the milestone, Hershey hosted an event for local community members and dignitaries, including U.S. Congressman Robert Goodlatte and Virginia Senator Emmett Hanger.
The Stuarts Draft plant—the original home of Reese’s® Pieces® candies—today produces 15 beloved brands, including Almond Joy® and Mounds® chocolates, Whatchamacallit® chocolate bars, Reese’s® Peanut Butter Cups and flavor-filled Hershey’s® Kisses® chocolates.
Thirty years after production began with 150 employees, the plant’s presence in Stuarts Draft has grown significantly. In 1997, Hershey invested $57 million into the plant, upgrading its machinery and adding five manufacturing lines. An additional $7 million was invested into the plant in 2009. The Stuarts Draft plant now employs nearly 900 local Virginians and contributes approximately $100 million to the local economy annually.
“Our employees here at Stuarts Draft are proud to make some of the world’s favorite candy,” said Michael Jackson, Stuarts Draft Plant Manager. “Hershey has invested in the Stuarts Draft plant and the local Virginia economy throughout the plant’s 30 years, and we look forward to making chocolate here for many years to come.”Hershey continues to invest in its manufacturing, logistics processes and global supply chain, most recently through Project Next Century, a $300 million capital project—one of the largest in Hershey’s history—to modernize and upgrade Hershey’s global supply chain. The largest component of the project was the expansion of the company’s West Hershey manufacturing facility in Hershey, Pa. The expanded plant, unveiled this September, is the world’s most technologically advanced chocolate making facility thanks to state-of-the-art technology never before used in confectionery manufacturing. About The Hershey Company The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and approximately 14,000 employees. With revenues of more than $6 billion, Hershey offers confectionery products under more than 80 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers. Hershey also offers premium and artisan chocolate products under such brands as Scharffen Berger and Dagoba through the Artisan Confections Company, a wholly owned subsidiary. The company is focused on growing its presence in key international markets such as China and Mexico while continuing to build its competitive advantage in the United States and Canada. For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where its employees live, work and do business.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV