Hormel Foods Corp. announced that construction on a new production facility in Dubuque, Iowa, is expected to begin this year.
The facility will be operated by a wholly-owned subsidiary of Hormel Foods Corporation. Total cost of the project is estimated at $89 million.
Groundbreaking for the 327,000 square-foot facility is scheduled for early summer 2008, and the plant is expected to be operational by November 2009.
The deal is subject to the finalisation of state and local incentives. Initially, a total of 180 new jobs will be created with more expected in future phases.
Hormel Foods Corporation, based in Austin, is a multinational manufacturer and marketer of consumer-branded food and meat products.
Source: Hormel Foods Corporation