Lamb Weston Holdings, Inc. is expanding. During the past five months the company has announced three significant capital projects in markets around the world that will increase its scale and capitalize on global consumer demand for value-added potato products. Keith Nunes reports for Baking Business.
On July 27 Lamb Weston/Meijer, a European joint venture, said it will expand production at a plant in Kruiningen, The Netherlands.
Five days earlier, Lamb Weston said it will expand french fry processing capacity at its manufacturing plant in American Falls, Idaho. The $415 million investment will grow the plant’s capacity by more than 350 million lbs of frozen french fries and other potato products per year. And in March, the company outlined plans to invest $225 million in a french fry processing plant in Ulanqab, Inner Mongolia, China.
The investments come in the wake of what Thomas P. Werner, president and chief executive officer, called “the most challenging operating environment in our company’s history.”
Source: Baking Business. Full story here
Photo: Lamb Weston