Food & Beverage
Hormel to Begin Construction on $89 Million Plant in Iowa
Hormel Foods Corporation (NYSE:HRL) (Austin, Minnesota) plans to begin construction in the next two weeks on a food production plant in Dubuque, Iowa.
Released Monday, May 19, 2008
Researched by Industrial Info Resources (Sugar Land, Texas)--Hormel Foods Corporation (NYSE:HRL) (Austin, Minnesota) plans to begin construction in the next two weeks on a food production plant in Dubuque, Iowa. In January, the company announced plans for a new $89 million facility that would produce shelf-stable microwavable meals and new products. Hormel held a groundbreaking ceremony last month at a site at the Dubuque Industrial Center West. Plans call for a 327,000-square-foot building that will be equipped with processing and packaging equipment, refrigeration systems, and storage space. Hormel anticipates the plant to reach full production near the end of 2009.
Over the past six months, Industrial Info has reported on $475 million in capital and maintenance expenditures earmarked for new plants, plant upgrades and scheduled maintenance to take place in Iowa over the next 18 months.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
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