Meiji to invest in Hello Panda production in US

Meiji Holdings is to enactment Y10bn ($63.4m) into a task to manufacture Hello Panda biscuits arsenic its works successful the US authorities of Pennsylvania.

The Japanese radical plans to adhd the accumulation of Hello Panda to its tract successful York wherever the concern already makes Stauffer’s-branded biscuits.

Meiji said the concern forms portion of the company’s purpose to treble its income successful the US by its 2030 fiscal twelvemonth erstwhile compared to its 2024 fiscal year. The radical does not disclose income figures for the US market.

Citing NIQ data, the radical said the income of Hello Panda had grown by much than a 3rd successful the twelvemonth to 17 January.

The determination volition mean Meiji manufactures Hello Panda connected the eastbound seashore of the US arsenic good arsenic successful the westbound of the country.

The institution said manufacturing Hello Panda astatine the York installation tin pb to “smoother collaborations and flexibility with retailers”.

Without providing figures, Meiji said the determination would “create caller jobs”, with manufacturing astatine the mill increasing 50%.

The institution besides plans to “upgrade ageing existing facilities” astatine the plant.

Some $55m of the concern volition spell towards the accumulation of Hello Panda. The remainder is to amended instrumentality that marque brands including Stauffer’s Animal Crackers.

Just Food has contacted Meiji for further details.

In its statement, the radical said it would instal instrumentality astatine the tract this year, with packaging starting successful 2027 and afloat accumulation successful 2028.

In October 2024, the institution acceptable retired plans to walk $28m gathering capableness for Hello Panda astatine different of its factories successful the US.

The radical said it would manufacture Hello Panda snacks astatine its tract successful Santa Ana successful California.

The astir caller fiscal results Meiji published were for the 9 months to the extremity of December.

Sales inched up 0.8% to Y882.33bn. Operating nett grew 5.4% to Y70.06bn. Profit attributable to the owners of the genitor decreased 11% to Y38.82bn.

In the stock-exchange filing to denote the results, Meiji, which besides has interests successful the pharma sector, reported a 1.3% emergence successful income from its nutrient concern to Y711.1m. Divisional operating nett grew 8.4% to Y53.6bn.

"Meiji to put successful Hello Panda accumulation successful US" was primitively created and published by Just Food, a GlobalData owned brand.

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