Kraft Heinz to allocate $3 billion for modernization of enterprises in the USA

Kraft Heinz Co., one of the world‘s largest food manufacturers, will allocate $3 billion to modernize its facilities in the United States, the head of the company‘s North American operations, Pedro Navio, said in an interview with Reuters.

Investments in enterprises, which will be the largest for Kraft Heinz Co., one of the world‘s largest food manufacturers, will allocate $3 billion to modernize its facilities in the United States, the head of the company‘s North American operations, Pedro Navio, said in an interview with Reuters. Investments in enterprises, which will be the largest for Kraft Heinz in the last decade, will help the company reduce costs by increasing production efficiency, Navio noted. According to him, import duties imposed by the administration of US President Donald Trump were one of the factors that influenced the company‘s decision on investments. Kraft Heinz expects that the modernization of production will allow it to develop and bring new products to market faster, as well as protect market share. Last month, the company‘s management said during an analyst event that import duties were increasing its costs, while consumers were cutting costs due to economic uncertainty. There are about 30 Kraft Heinz enterprises operating in the United States, and almost all of the company‘s products sold on the domestic market are manufactured in the country, Navio noted. in the last decade, will help the company reduce costs by increasing production efficiency, Navio noted.

According to him, import duties imposed by the administration of US President Donald Trump were one of the factors that influenced the company‘s decision on investments. Kraft Heinz expects that the modernization of production will allow it to develop and bring new products to market faster, as well as protect market share. Last month, the company‘s management said during an analyst event that import duties were increasing its costs, while consumers were cutting costs due to economic uncertainty.

There are about 30 Kraft Heinz enterprises operating in the United States, and almost all of the company‘s products sold on the domestic market are manufactured in the country, Navio noted.