(BRK.A), (BRK.B)
Berkshire Hathaway’s Duracell is expanding its manufacturing plant in Cleveland, Ohio. The move will add 20,000 square-feet of manufacturing capacity to the plants current 190,000 square-feet.
Duracell will also hire 66 additional employees at the Mouse Creek Road plant, to makes components for AA and AAA batteries. The components are then shipped to Duracell’s LaGrange, Georgia, plant for final assembly of the batteries. The Mouse Creek Road plant currently produces C and D batteries for the world-wide market.
The 66 jobs will consist of 30 new full-time positions and 36 contractor jobs.
Groundbreaking for the project will begin in two weeks, with construction by Cleveland-based Tri-Con Inc. Commercial operation in the new space is expected by June 2020.
Berkshire Hathaway acquired Duracell when it cashed out of its minority stake in Procter & Gamble in 2016.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.