July 13 (Bloomberg) -- Starbucks Corp., the world's largest coffee-shop operator, said it will open a new plant in Augusta, Georgia, creating more than 140 manufacturing jobs.
The factory will cost $172 million and open in early 2014, the company said today in a statement.
Once complete, the facility will produce products currently manufactured abroad, including Starbucks VIA Ready Brew, as well as the coffee base for Frappuccino blended beverages and many of Starbucks ready-to-drink products.
The plant will be Seattle-based Starbucks's fifth manufacturing facility in the U.S. The company's existing network of four roasting facilities employ more than 830 people in Kent, Washington; York, Pennsylvania; Sandy Run, South Carolina; and Carson Valley, Nevada.
"During such challenging economic times, I am thrilled that we are creating jobs and building something special right here in Georgia," said Peter Gibbons, executive vice president, Starbucks Global Supply Chain Operations.
Starbucks, which through yesterday had risen 15 percent this year, gained 0.7 percent to $53.03 at 11:01 a.m.
To contact the reporter on this story: Niamh Ring in New York at
nring@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at
rajello@bloomberg.netEugene.
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