America’s economy is about to get sweeter. Candy and chocolate giant Mars Chocolate Brands has announced its plans to invest $70 million in the U.S. Not only that, the company will be creating as much as 250 new jobs.
“Mars believes in the value of keeping our operations in America – it’s good for our people, our business and our consumers,” Mars Chocolate North America President Tracey Massey explained. The plan is to reinvest $70 million into existing facilities throughout the country. This will ensure that more than 95 percent of Mars’ products will be made in the U.S.
As far as Mars is concerned, the priority has always been to grow at home. “As a U.S. based family-owned business, Mars has been investing in local manufacturing and the communities where we do business for over a century,” Mars Petcare North America President Mark Johnson said in a statement.
The additional investment comes following the company’s pledge to invest more in U.S. manufacturing in 2016. In fact, the company had pledged to invest $900 million within the U.S. supply chain. This is on top of its previous commitment to invest $1 billion.
Mars investments will go to several businesses across the country.
The said investments will go towards Mars’ various facilities around the country. There’s a $72 million investment in Fort Smith, AK in order to support Mars Petcare. This, in turn, will create 130 new jobs. On the other hand, Mars is investing $100 million in its new Royal Canin plant in New Sioux City, SD. Aside from this, the company will also invest $50 million to expand its facility in Wrigley’s Yorkville, IL. Here, it shall add Skittles to its production and increase jobs by 25 percent. At the same time, Mars Food is looking to update its factory in Greenville, MS. This will be done with the help of a $31 million investment that will create 25 additional jobs.
Meanwhile, Mars announced that it will open 31 new hospitals in Banfield and a new headquarters in Vancouver, WA. This will lead to the hiring of 4,188 associates. The company is also investing $4.8 million in expanding its Mars Symbioscience site in Germantown, MD. This will create 23 jobs.
As Massey explained during an interview with CNBC, this series of moves will be the company’s “biggest innovation ever.”