Kraft Heinz Just Made a Big Announcement. It’s Likely to Have a Ripple Effect

Kraft Heinz Will Spend $3 Billion to Upgrade Manufacturing

Kraft Heinz is planning to spend $3 billion to upgrade its domestic manufacturing, executives at the consumer products company said in a newly published interview. Pedro Navio, The Kraft Heinz Company’s president of North America, told Reuters in an article published on May 14 that the company’s spending plan will lower its costs of operations and potentially defray the impact of new tariffs on imports into the United States. As of about midday …

Kraft Heinz Just Made a Big Announcement. It’s Likely to Have a Ripple Effect

The ketchup maker is investing in domestic manufacturing at a time when tariffs add to economic uncertainty.

Kraft Heinz investing $3 billion upgrading US factories

Kraft Heinz is spending $3 billion to upgrade its US factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts.

Ketchup maker Kraft Heinz investing $3 billion upgrading U.S. manufacturing: Reuters

The upgrades will help lower costs by making the plants more efficient, which in turn may help offset President Donald Trump's tariffs.

Exclusive-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing

By Jessica DiNapoli

Kraft-Heinz investing $3 billion to upgrade US factories due to Trump’s tariffs

The company, best known for brands such as Heinz, Oscar Mayer, and JELL-O, said it would invest $3 billion into its factories, generating 3,500 new construction jobs. The result will be the largest upgrade in over a decade. The decision follows President Donald Trump‘s announcement of “Liberation Day” tariffs. Kraft-Heinz North American President Pedro Navio... The post Kraft-Heinz investing $3 billion to upgrade US factories due to Trump’s tari…