Mars invests $2bn in US manufacturing ...Middle East

US food company Mars, the company behind Snickers, M&Ms, Royal Canin and Sheba, says it will spend $2bn building factories in the US by 2026.

This May, it opened the largest dry pet food facility in the world in Lewisburg, Ohio, which has created 270 jobs and cost $450m.

This month, it opened a $240m factory to make “Nature’s Bakery” snack bars. The 339,000-sq-ft facility in Salt Lake City, Utah can make a billion bars a year.

Claus Aagaard, Mars’ chief finance officer, said: “The US is our biggest and most important market, and a key engine of growth for the long term – not only through our legacy manufacturing footprint but also through the expansion of strategic acquisitions.”

The company has spent $6bn on domestic manufacturing across the previous five years.

Mars is operational in 49 US states and employs over 70,000 staff, with 38 factories.

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Further US manufacturing news:

Belgian pharma company to invest $5bn on US factory Novo Nordisk plans $1bn Brazil expansion Hyundai to spend $21bn in US in next three years

Mars invests $2bn in US manufacturing Global Construction Review.

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