The confections company known for producing Nutella and Kinder products announced plans to invest up to $214.4 million in an expansion of its facility in downstate Bloomington.
The confections company known for producing Nutella and Kinder products announced plans to invest up to $214.4 million in an expansion of its facility in downstate Bloomington, an investment the company says will bring 200 jobs to the area.New Jersey-based Ferrero North America, which is part of the global confectionary company Ferrero Group, said in a news release Monday that the expansion will allow the company to produce Kinder products in North America for the first time.
“We want to continue to support demand and build on the momentum,” said Todd Siwak, Ferrero’s president and chief business officer. He said the company did not anticipate changes in Kinder Bueno pricing due to the domestic expansion, but said he anticipated it would eliminate any potential supply chain challenges in production.
The company is receiving an enterprise zone property tax abatement for the expansion in addition to an Economic Development for a Growing Economy, or EDGE, tax credit from the state of Illinois, Siwak said.
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