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Hormel Foods Corp. planned to break ground today on a new production facility in Dubuque, Ia. Progressive Packaging, LLC will be operated as a wholly-owned subsidiary of Hormel Foods. Total cost of the project is estimated at $89 million.
"Iowa has been at the center of feeding this country and the world for more than a century, and we look forward to continuing our partnership with the people of Iowa to deliver great-tasting, nutritious meals to consumers throughout our system," said Jeffrey M. Ettinger, chairman of the board, president and chief executive officer, Hormel Foods, in a prepared statement.
The plant is expected to be operational by November 2009. Initially, a total of 180 new jobs will be created with more expected in future phases.
For additional information about Hormel Foods, go to www.hormelfoods.com.