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Lassonde Industries Inc. announces an important capital investment program in the United States
Lassonde Industries Inc. announces an important capital investment program in the United States ...
About this update from Lassonde Industries, Inc. Class A
[{"type":"text","content":"\n\n\n\n Lassonde Industries Inc. announces an important capital investment program in the United States\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n ROUGEMONT, QC\n \n\n ,\n \n\n Oct. 1, 2024\n \n\n /CNW/ - Lassonde Industries Inc. (TSX: LAS.A) (\"Lassonde\" or the \"Corporation\") announced today an important capital investment program aimed at enhancing the competitiveness of its U.S. beverage manufacturing network.\n \n\n\n\n\n\n\n\n\n The program mainly consists in the investment of approximately\n \n US$200.0 million\n \n over an estimated two-year period for the construction of a new beverage manufacturing facility in\n \n New Jersey\n \n , on a site adjacent to the Corporation's existing plant. Once built, the state-of-the-art facility, extending across approximately 200,000 square feet, will replace the existing plant and enable Lassonde to fortify its competitive position in the key U.S. northeast market by improving operating efficiency and delivering incremental volume at lower costs through a more efficient production flow, improved yields, and better logistics. The investment is expected to be accretive with an internal rate of return that exceeds the Corporation's cost of capital.\n \n\n Construction is expected to begin in early 2025 and existing production activities will be progressively transferred beginning in 2026. The transition is expected to be completed in 2027, reaching a full run-rate by the end of that year.\n \n\n \"Lassonde is proud to launch an important investment program to strengthen its position as one of the leading North American fruit juice and drink manufacturers,\" said Vince Timpano, Chief Executive Officer of Lassonde Industries Inc. \"Since entering the U.S. market, we have methodically expanded our footprint and our initiatives will support further expansion of both our private label and branded beverage activities, while improving our profitability. Over the longer term, this investment program will offer the potential to add further production capacity and new capabilities to meet ...