Starbucks' $120 million Georgia plant expansion to create up to 100 jobs

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Pete
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Starbucks' $120 million Georgia plant expansion to create up to 100 jobs

Post by Pete » Thu Jul 06, 2017 12:32 pm

Starbucks Corp. SBUX, -0.62% said Thursday that a planned $120 million expansion of its Augusta soluble plant will create 80 to 100 new jobs in Georgia. The expansion will add 140,000 square feet to the existing 180,000 square feet, and should be complete by the fall of 2019. The plant currently employs 185 people and opened in July 2012. Its roasters make Via Instant coffee, as well as the coffee base for the company's Frappuccino beverages and many of its bottled and canned drinks. The expansion will allow the company to make packaged coffee for retail locations and Starbucks cafes. Starbucks has a relationship with the nearby Fort Gordon and recruits from the base. Starbucks shares are down 0.6% in Thursday trading, but up 3.8% for the year to date. The S&P 500 index SPX, -0.56% is up 8.1% for 2017 so far.

http://www.marketwatch.com/story/starbu ... 2017-07-06
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