Heinz Company (NYSE:HNZ) Increasing Production

Heinz Company (NYSE:HNZ) has decided to invest in its Kendal Facility to increase production. Heinz Company (NYSE:HNZ) Increasing Production The food products giant Heinz Company (NYSE:HNZ) revealed its plan to invest in its Chinese Kendal facility in Cumbria in 2012 to enhance its mother and baby foods production. The company will invest about $2.2 million in 2012 apart from its $1.8 million investment in this year. Heinz Company (NYSE:HNZ) said that the money will be used to improved systems and update manufacturing processes. The company makes 150 different products at this facility. Heinz Company (NYSE:HNZ)'s Kendal site manager Damian Killen said, "I want us to be more well-known in South Lakeland because we have had a major base here since 1962. We're a major employer but have people telling us they had no idea we are here." Heinz Company (NYSE:HNZ) shares were at 48.8 at the end of the last day’s trading. There’s been a -2.4% change in the stock price over the past 3 months. Heinz Company (NYSE:HNZ) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.29 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.29 Zack’s Rank: 6 out of 45 in the industry
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