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Stock impact report

The Hershey Company Commits $1 Million to Production of Disposable Facemasks

The Hershey Company (HSY) 
Last the hershey company earnings: 4/23 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
HERSHEY, Pa., April 24, 2020 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE: HSY) today announced that it is committing $1 million to acquire, install and staff a new manufacturing line dedicated to the production of facemasks. The new line, which will be capable of producing up to 45,000 masks per day, will become operational near the end of May. “Supporting our communities in difficult times is part of our legacy, and an important value that our current employees share,” said Michele Buck, President and CEO. “From the building projects that created local jobs during the Great Depression, to producing military rations during World War II, we take great pride in making a difference where we can.” Leveraging its internal engineering capabilities, and its relationships with equipment manufacturer JR Automation and General Motors, who is making similar masks, the company is moving quickly to address the nationwide shortage of protective equipment. “Disposable masks will be an i Show less Read more
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