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0 0.00137709433096172 0.00137709433096172 0.000918062887307761 -0.000918062887307761 -0.00459031443653881 -0.00550837732384657 -0.00872159742942381
Stock impact report

Kraft Heinz to invest $250-million in Montreal factory as it renews focus on Canadian market [Globe and Mail, The (Toronto, 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 Chicago-based multinational, known for its Kraft Dinner and Heinz ketchup, will spend $250-million to modernize equipment and infrastructure at the 70-year-old plant. The goal is to secure the reliability of the factory's current output of 500 million pounds of product a year. “Our business in Canada is doing very well,” Simon Laroche, who leads Kraft Heinz in the country, said in an interview. “As we're looking at our three to five year plans, what we have right now is not enough to meet Canadian demand and needs.” Mr. Laroche said the company wants to boost the factory's ability to make more Philadelphia Cream Cheese and Heinz ketchup, both hot sellers. It also wants to bring innovation to existing products to meet changing consumer preferences, including offering more packaging sizes to meet different shopper budgets. Open this photo in gallery: Kraft Heinz employs about 1,000 people at the plant, which runs 41 manufacturing lines. The company is known for Kraft Dinner Show less Read more
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