POSTED: Monday, September 27, 2010 - 3:31pm
UPDATED: Monday, September 27, 2010 - 3:32pm
NEW ORLEANS, La. (WVLA) Almost 90 percent of projected $69 million will be spent on equipment for the Folgers Coffee Company’s New Orleans area manufacturing plants and distribution center.
The investment in the three local facilities is part of a plan announced in March that calls for Folgers, which is owned by J.M. Smucker Co., to expand production and capacity at its New Orleans area sites.
120 additional direct jobs and 381 indirect jobs will be the result the expansion. The governor's office also estimates that the expansion will produce 500 new jobs in the New Orleans area over the next two to three years.
Folgers is expanding in New Orleans as part of a $220 million effort by J.M. Smucker Co. to cut costs and improve efficiency nationwide. The New Orleans sites are growing as a result of plant closures in Sherman, Texas and Kansas City, Mo.