
SPC Group President Hur Jin-soo, middle, indicators a contract for funding incentives throughout a signing ceremony in Johnson County, Texas, U.S., offered by SPC Group, Jan. 27. Yonhap
SPC Group, a Korean meals and beverage firm, mentioned Monday it has finalized plans to construct a $160 million bakery plant in Texas, the corporate’s first manufacturing facility in North America, after buying approval from the native authorities.
The Metropolis of Burleson in Texas accredited SPC’s funding plans final week, together with town authorities’s subsidies for the ability, in accordance with the corporate.
The plant can be situated in Highpoint Enterprise Park in Burleson, spanning 150,000 sq. meters. SPC plans to interrupt floor this summer season and full building within the second half of 2027.
The Texas plant is a part of SPC’s broader technique to broaden its enterprise in North and Latin American markets.
As soon as operational, it is going to function a significant manufacturing hub for supplying bakery merchandise throughout the USA and exports to Canada and Latin America.
SPC has been increasing its international presence with the Paris Baguette model since 2004, working 600 shops in 14 international locations.
The corporate presently operates a bakery plant in Tianjin, China, and is about to finish its second abroad plant in Johor Bahru, Malaysia.
In North America, SPC operates 200 Paris Baguette shops throughout the U.S. and Canada. To fulfill rising demand, the corporate goals to extend that quantity to 1,000 places by 2030. (Yonhap)