ConAgra to Invest More than $400 Million in Manufacturing Assets

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Researched by Industrial Info Resources (Sugar Land, Texas)--ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska), one of North America's leading food companies, through several of its operating businesses and affiliate companies, has plans on the table to invest more than $400 million at 18 manufacturing facilities across the U.S. ConAgra currently has 20 major capital and maintenance projects that are in different stages of development, from early planning to those under construction. The investment value of individual projects range from $500,000 to $100 million.

Capital expenditures total $405 million, while maintenance expenditures account for $9 million from eight projects.

ConAgra has two major capital projects that are under construction that include a $50 million investment to add research and development facilities at a snack food manufacturing plant in Nebraska, and a $15 million expansion of a flour mill in California. Both projects are scheduled for completion at the end of this year. Construction will begin on nine projects over the remainder of 2012, and the other nine projects are scheduled for the start of construction in 2013.

Examples of some of ConAgra's plans include a $100 million expansion of a plant in Illinois, a $44 million modernization of a margarine plant in Indiana, and a $2 million expansion of a flour mill in Illinois.

Industrial Info's Online Plant database for the Food and Beverage Industry has more than 6,600 operational plants across North America and more than $39.8 billion in expenditures from more than 1,675 capital and maintenance projects, including the Sugar Processing Industry, worldwide.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.