Riviana investing $80.6 million in facility expansion

HOUSTON — Riviana Meals Inc., a subsidiary of Madrid, Spain-based Ebro Meals, is investing $80.6 million to broaden and renovate its processing and packaging plant in Memphis, Tenn. The funding undertaking will add roughly 80 new full-time jobs.

As a part of the funding, Riviana will add roughly 65,000 sq. ft to the Memphis plant and can renovate roughly 20,000 sq. ft. The growth and renovation will enhance the plant’s present manufacturing capability for the corporate’s Minute rice microwavable cups, Riviana stated. As well as, Riviana stated it can add new manufacturing capability for ready-to-serve pouches of its Tilda, Carolina and Mahatma rice manufacturers.

“We will likely be in a stronger place to fulfill or exceed buyer wants of in search of less complicated, higher and extra dietary meals choices,” stated Enrique Zaragoza, president and chief government officer of Riviana. “And we sit up for many extra years of our profitable partnership between Riviana and the Memphis neighborhood with this funding.”

Riviana opened the Memphis plant in 2006. Over the previous 16 years the corporate has expanded the plant seven instances, most not too long ago in April 2021 when it invested $15 million to improve manufacturing and broaden instantaneous rice capability. In November 2019, Riviana invested $27 million to double the manufacturing capability for its Minute model microwavable rice merchandise on the plant. Demolition and building work is predicted to start throughout the first quarter of 2023 with new manufacturing capability utilization beginning within the first quarter of 2024, Riviana stated.

The growth and renovation undertaking will likely be supported by an 11-year payment-in-lieu-of-taxes (PILOT) incentive awarded by the Financial Growth Progress Engine Industrial Growth Board of the Metropolis of Memphis and County of Shelby, Tenn. Source

Leave a Reply

Your email address will not be published.