Kraft Heinz (KHC) plans to spend $3B to upgrade its U.S. plants, Pedro Navio, Kraft Heinz’s president of North America, said in an interview with Reuters. The upgrades will help cut costs by making the facilities more efficient, which could help offset Trump’s tariffs, Navio added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KHC:
- Kraft Heinz (KHC) Goes Big on US Manufacturing with a Massive $3B Boost
- Kraft Heinz Elects Directors at Annual Meeting
- Kraft Heinz (KHC) Asks Coffee Suppliers for 60-Day Notice of Price Hikes Caused by Tariffs
- Kraft Heinz downgraded to Hold from Buy at DZ Bank
- Kraft Heinz price target lowered to $30 from $31 at Stifel