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NEWS
Firm Announces $104 Million Manufacturing Facility Expansion
May 13, 2019

The Hershey Company, the leading North American chocolate producer and a global snacks company, has announced that the company will invest $104 million to grow its major manufacturing operation located in Augusta County, Virginia. The 111,000-square-foot expansion of the existing facility will increase production capabilities. The expanded facility will manufacture penuche and peanut cream, which will be distributed to other Hershey facilities on the East Coast.

The Hershey Company, celebrating its 125th anniversary in 2019, is headquartered in Hershey, Pennsylvania, and is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Hershey has approximately 16,500 employees around the world who work every day to deliver delicious, quality products. The company has more than 80 brands around the world that drive more than $7.8 billion in annual revenues, including such iconic brand names as Hershey’s, Reese’s, Kit Kat, Jolly Rancher, Ice Breakers, SkinnyPop and Pirate’s Booty.

The company currently employs more than 1,000 people in Virginia, with the majority of those jobs located at its manufacturing facility in Augusta County.

“The Commonwealth of Virginia and Augusta County have been part of Hershey’s success for more than 35 years,” said Susanna Zhu, Vice President, U.S. Supply Chain, The Hershey Company. “We are pleased to build on this partnership with our plant expansion and continue to make Stuarts Draft a key to delighting consumers across the United States and around the world with our iconic products.”

According to a statement released by Governor Ralph S. Northam’s office, “For more than thirty years, The Hershey Company has continued to grow in Augusta County, creating hundreds of jobs and setting the bar for a thriving food and beverage industry cluster in the Shenandoah Valley,” noted Governor Northam in response to the announcement. “The company’s economic contribution to Virginia cannot be overstated, and we look forward to many more years of success for Hershey with this major investment and the establishment of a new Roasting Center of Excellence.”

The Virginia Economic Development Partnership worked with Augusta County and the Shenandoah Valley Partnership to secure the project for Virginia. Governor Northam approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist Augusta County with the project. Governor Northam also approved a $400,000 performance-based grant from the Virginia Investment Performance program, an incentive that encourages capital investment by existing Virginia companies. The company is eligible to receive Sales and Use tax exemptions on manufacturing equipment, as well as a Major Business Facilities job tax credit for new, full-time jobs created.


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