(BRK.A), (BRK.B)
Kraft Heinz is putting £20 million into its production facility in Kitts Green near Wigan, UK.
According to Kraft Heinz, the investment expands the production capacity for its canned good products, including soups, baked beans, spaghetti, and its Snap Pots microwavable, quick-serve products.
The upgraded facility adds a high-speed production line capable of filling 1,200 cans with beans or soup a minute, and a new triple-pack can packaging line and a high-speed weigh filling line.
The Kitts Green site is already one of the largest canned food production facilities in Europe, and produces 383,000 tons of products every year even before the expansion.
© 2018 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.