Hershey Co. building $250 million factory in Malaysia
The Hershey Co. said it's building a $250 million manufacturing facility in Johor, Malaysia, to meet the demands for its candies and chocolates in Asian markets.
The Dauphin County-based chocolate giant said the factory represents the single-largest investment in the region for the 18 years Hershey has been there. The factory will include state-of-the-art automated candy-making technology and high-speed wrapping lines.
"Our new Malaysia plant will feature the latest confectionery manufacturing technology and will complement production at our existing joint-venture plant in China. Adding this new manufacturing capacity will put us in a strong position to meet the growing demand for our products across the region," Terence O'Day, Hershey's senior vice president and chief supply chain officer, said in a statement.
Hershey plans to complete the 700,000-square-foot factory in 2015, making it one of the largest in its global production network, according to the company.
The new facility is part of Hershey's global strategy to hit $10 billion in annual revenue by 2017. The company has said Asian markets are crucial to that goal, particularly when sales in China are growing at 20 percent in some cases.