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Kraft Heinz to increase Canadian production with $250-million investment in Montreal factory [Yahoo! Finance Canada]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
The Canadian arm of the American multinational food company on Friday announced a $250-million investment into its factory in Montreal to increase its homegrown manufacturing and production of its brands. “(When demand for a product peaks), we have to import from either the U.S. or sometimes even from our colleagues in Europe because we just don't have capacity,” Simon Laroche, president of Kraft Heinz Canada, said. With these investments, we'll be able to keep all the production here.” For example, he said 90 per cent of the Heinz ketchup sold in Canada is made in the country — and made from Canadian tomatoes, mostly from Leamington, Ont. — but the company has to import from the United States to satisfy demand during peaks in the summer. “We looked at our next five years and it was very clear for us that we needed to invest because we wouldn't be able to fulfil the demand of Canadians for a product,” he said. With the new investment, Laroche said the company will be able to Show less Read more
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