USA: Koch Foods to invest $220 million in facility expansion

International poultry processor, Koch Foods has announced an investment of $ 220 million in the expansion of its existing poultry processing facility in Fairfield, Ohio.

The company plans to build a 402,000 square-foot addition to the existing processing facility and create 400 new jobs within three years of completing the expansion which is expected to be finished by December 2022.

As part of the modernisation, Koch Foods plant to add two new production lines and other improvements investing $120 million in the new building expansion, $80 million in new machinery and equipment, and $20 million in improvements to the existing building.

According to sources, Koch Foods and the Fairfield City Council have entered into an agreement and the company will have a 75% tax exemption for real property improvements over a 10-year period.

Source: Food Business News