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Agenda - 09-17-2024; 5-a - Public Hearing Regarding a Proposed Economic Development Recruitment Incentive and Performance Agreement Between Orange County and Morinaga America Foods, Inc.
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Agenda - 09-17-2024; 5-a - Public Hearing Regarding a Proposed Economic Development Recruitment Incentive and Performance Agreement Between Orange County and Morinaga America Foods, Inc.
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9/17/2024
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5-a
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42 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Morinaga Announces Major Expansion at Orange County Site <br /> p�iHF,W/ FCHfW/ <br /> Officials from Morinaga America Foods, Inc., today NFCNEW/ <br /> announced a significant expansion of its site in Orange NIXH, M{HEWJ TA NAIME/ <br /> County that will double current manufacturing production <br /> capacity for "HI-CHEW" candy and create more than 200 <br /> well-paying jobs. -NE; J <br /> The company announced $136 million in new capital in- <br /> vestment for the creation of an additional 100,000 square N�fHE"J <br /> feet of production space at its facility along Wilson Road in <br /> J�JEW/ N/[N <br /> Mebane. Construction is expected to be finished by 2027. <br /> 0V NP�.LNE J <br /> When complete, the project will create 204 additional new jobs between 2026 and 2030 with an <br /> average annual wage of $48,912 (or approximately $23.452 per hour). These jobs are full-time and <br /> include healthcare and related employment benefits. <br /> "I would like to express my gratitude to the government officials who supported the investment," <br /> said Masaki Matsumoto, Morinaga Senior Executive Officer & General Manager, Overseas Business. <br /> "We aim to become a company that continues to grow here in North Carolina." <br /> "Orange County is excited for this additional investment by Morinaga," said Orange County Chair <br /> Jamezetta Bedford. "They took a chance on Orange County and North Carolina many years ago, <br /> helping to diversify our tax base and bring strong top-quality jobs to our residents. We value their <br /> initiative and look forward to many more decades of partnership. And their candy is really delicious, <br /> too. Local supermarkets have it. My husband and I like to share the smaller bag." <br /> Morinaga America Foods agreed in 2013 to locate in Orange County and built a 100,000 square foot <br /> manufacturing plant. The company employs approximately 204 associates and has a current county <br /> property tax valuation of $31 .6 million. <br /> Morinaga & Co., Ltd., was founded in 1899 in Tokyo, Japan, and is a major international confection- <br /> ary and candy maker. The firm is Asia's equivalent to a Hershey's, Mars or Nestle. Morinaga is ag- <br /> gressively marketing HI-CHEW across the United States and has successful store displays at Target, <br /> Costco, 7-Eleven and major grocery store chains. <br /> Orange County Economic Development Director Steve Brantley said the company considered loca- <br /> tions in Taiwan and China, where the company has existing HI-CHEW factories, and had also re- <br /> searched building a new facility in Vietnam, before choosing to expand in Orange County. <br /> The Board of Commissioners will consider a county incentive when the Board reconvenes in the Fall. <br /> Cutline for photograph: Masaki Matsumoto, Morinaga Senior Executive Officer& General Manag- <br /> er, Overseas Business receives a gift from Machelle Baker Sanders, Secretary of the North Carolina <br /> Dept. of Commerce. <br />
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