Arnott’s invests $37 million on upgrade to further international expansion efforts
Biscuit manufacturer Arnott’s has announced a $37 million capital investment in a new, state-of-the-art biscuit production line to help boost the Virginia bakery’s capacity by 10,000 tonnes per annum.
Arnott’s anticipates the new line, which will be operational by mid-2010, will result in approximately 25-30 new roles in the first year of operation, increasing to a possible 50-60 over the course of the next couple of years.
The manufacturer, a subsidiary of Campbell Soup Company, produces more than 100,000 tonnes of biscuits each year for local and export markets, with the new capital spending expected to assist in supporting further expansion into international markets.
The Virginia bakery also boasts a new $30 million distribution centre, purpose built by Linfox for Arnott’s to streamline production and distribution.
“In the face of the most severe global economic conditions in our lifetime it’s encouraging to see Arnott’s and Linfox … investing with confidence, and I congratulate them for this,” Treasurer Wayne Swan, who visited the site with Campbell Arnott’s Asia Pacific President Mark Alexander and Lindsay Fox, said.