ConAgra Foods, Inc., (NYSE:CAG) announced today an estimated $200 million expansion of its Lamb Weston frozen potato facility in Boardman, Ore. This strategic investment will add a new line to the plant – increasing capacity for making french fries and other frozen potato products – and is expected to create approximately 100 jobs for the region.
As consumer demand for frozen potato products continues to grow both domestically and internationally, this significant capacity increase is needed to fulfill Lamb Weston’s customer growth projections, particularly the dynamic growth expected from international markets.
“Our need to expand is a testament to our strong customer partnerships, our great-tasting french fries, and the outstanding work our employees do every day to create food people love,” said Rick Martin, vice president, Global Operations, ConAgra Foods Lamb Weston. “This expansion also reflects our confidence in the region’s growers to deliver high-quality potatoes while working with state and local government to ensure long-term, sustainable growing practices. We specifically appreciate the efforts and support of the Columbia River Enterprise Zone, Port of Morrow, city of Boardman, Morrow County and the state of Oregon and are proud to be an active part of this thriving community.”
“We’re thrilled Lamb Weston has reaffirmed its commitment to Boardman and the entire Columbia River Basin,” said Gary Neal, general manager, Port of Morrow. “As Lamb Weston realized, Boardman is an ideal place to expand as its business and employees continue to thrive here.”
Construction of the 192,000 square foot, state-of-the-art addition is expected to begin in early 2013 with completion in 2014. The expansion does not alter ConAgra Foods’ existing fiscal 2013 capital expenditure guidance.
“We are excited about Lamb Weston’s commitment to expand its operations in the Columbia Basin,” said Tim McCabe, director, Business Oregon. “We look forward to working in the near future with the Port of Morrow, city of Boardman and Morrow County as a partner to assist Lamb Weston’s growth and ensure they remain a major employer in the area for years to come.”