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Stock impact report

Nestlé Joins Growing List of National and Multinational Companies Operating at the Tejon Ranch Commerce Center

Tejon Ranch Co (TRC) 
US:NYSE Investor Relations: ir.tejonranch.com
Company Research Source: GlobeNewswire
TEJON RANCH, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC) announced today that construction is underway on a new distribution center for Nestlé USA, Inc., (Nestlé) the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700,000 square feet, will be located on an approximate 58-acre parcel of land on the east side of Tejon Ranch Commerce Center (TRCC). Nestlé USA’s new, fully automated facility will serve its ambient portfolio and will be built with flexibility to support future growth and expansion plans. Though no official opening date has been announced, Nestlé is targeting 2025 for initial completion of construction and 2026 for commencement of operations. “Nestlé is building a supply chain that’s fit for the future and able to drive long-term value for our business,” said Pete Spanos, Chief Supply Chain Officer of Nestlé North America. “Tejon Ranch is the ideal location f Show less Read more
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