Wednesday, 30 April 2025

Major Yogurt Company To Invest $1.2 BILLION In New York Factory — Will Create Over 1,000 Jobs

100 Percent Fed Up
Hits: 14

Major yogurt company Chobani just announced plans to invest a whopping $1.2 billion in their next factory, which will be located in Rome, New York.

It’s an ambitious plan that will create over one thousand jobs for New Yorkers. This will nearly double Chobani’s workforce in the whole state.

The new plant will make around one billion pounds of dairy products per year, making it the largest dairy factory in the United States.

This is excellent.

Just as President Trump predicted, companies are flocking to the United States!

Take a look:

Rep. Elise Stefanik announced:

Per Syracuse.com:

Greek yogurt giant Chobani plans to build a $1.2 billion production facility that would bring more than 1,000 jobs to Rome’s Griffiss Business and Technology Park, Gov. Kathy Hochul announced Tuesday.

The project in the former Air Force base 50 miles east of Syracuse represents the nation’s largest investment ever in a natural food production facility and promises to cement New York as the No. 1 yogurt producer in the country, Hochul said in a prepared statement.

“Chobani has been a major employer in the Mohawk Valley for decades, and this massive new $1.2 billion investment will bring more than 1,000 good-paying jobs to Oneida County — the largest natural food manufacturing investment in American history,” Hochul said.

State officials said Chobani founder and CEO Hamdi Ulukaya chose the site in Rome after a nationwide search.

“New York is where Chobani’s journey began,” Ulukaya, a Turkish immigrant, said in a statement. “It was the perfect spot to start Chobani 20 years ago, and it’s the perfect place to continue our story.”

By creating more than 1,000 jobs, the project would nearly double Chobani’s total New York workforce. The company employs 1,100 people in South Edmeston and Norwich in Chenango County.

Chobani also employs 1,100 people at a yogurt plant in Twin Falls, Idaho. In March, it announced plans to build a $500 million expansion in Twin Falls that is expected to create a minimum of 160 new jobs.

Once complete, the 1.4 million-square-foot plant in Rome will have up to 28 production lines with a capacity to process over 12 million pounds of milk a day and produce more than 1 billion pounds of yogurt and other dairy products a year.

Forbes added:

Chobani’s billionaire founder is going all-in on being American-made. CEO Hamdi Ulukaya broke ground this week on a new state-of-the-art facility in upstate New York that will produce one billion pounds of Chobani’s yogurts, creamers and other products. Ulukaya says he will invest $1.2 billion in all, and the plan comes just a month after he also revealed he is spending $500 million to expand Chobani’s plant in Idaho—and he says this is just the start.

“A lot of good food hasn’t been made accessible to all,” Ulukaya, 52, tells Forbes of the expansion. “And if you figure out how to make it accessible to all, the hardest part is how do you make sure that you actually have the manufacturing capability to do it.”

“We do everything in-house,” he continues. “A hundred percent of the products we make. It’s hard to do because that means plants.”

As America’s top-selling yogurt brand with $3 billion (annual revenue) and yogurt sales up 20% last year, Chobani is in a position most food companies would envy. Chobani, which acquired La Colombe coffee for $900 million in 2023, is one of the largest independent and privately held brands in the consumer packaged goods industry. And it’s made Ulukaya, an immigrant from Turkey who owns the majority of the business, worth an estimated $2.4 billion.

Now Ulukaya is using his clout to double down on the Northeast at a time when the region has faced an exodus of dairy farmers. Chobani and the New York governor’s office are calling the investment the nation’s largest in natural food manufacturing. The new plant will be financed through Chobani’s cash on hand. A Chobani spokesperson said “These projects are multi-year projects that do not require the company to take on any additional debt at this time.” In addition, incentives from New York state include $73 million in tax credits over ten years and $22 million from an economic development shovel-ready grant program, Fast NY.

The new facility will be designed to process up to 12 million pounds of milk each day, which means Chobani, already New York’s largest milk purchaser, will increase its spend by an estimated 6 billion pounds annually. That will be huge boon for the surviving dairy farmers in the region, many of whom have struggled as volatile prices and industry consolidation have driven many farms out of business, while major competitors like Danone have cut contracts or left the region entirely.

“Our region has really unique challenges,” says Gary Hirshberg, the founder of Stonyfield Organics, citing the Northeast’s higher costs for energy as well as feed for dairy cows. “Investment is badly needed. We’ve lost a lot of the dairy infrastructure. So any significant investment in upstate New York dairy, it’s only a good thing.”

This is a Guest Post from our friends over at WLTReport.

View the original article here.


Source link

Search