Food technology and ingredients company Kerry Group said it plans to invest $125m in its Georgia facility in the US to create a new world-class food manufacturing facility.
Kerry said this will mark its biggest ever capital expenditure investment and the new facility will significantly increase its capacity in its largest market to meet the growing demand for holistic food solutions.
When complete, Kerry said the 360,000 square foot facility in Rome, Georgia will be one of the most modern and efficient of its kind in the world with the highest standards of food safety.
Kerry said the new facility will produce integrated taste and nutrition solutions to help customers meet growing consumer demand in the poultry, seafood and alternative protein markets.
As part of Kerry's sustainability agenda, the Rome facility will use 100% renewable electricity and will have a number of other sustainable initiatives including zero waste to landfill, bulk receiving and energy efficient equipment.
The announcement of the US investment will be made at an event in Washington DC today which will be attended by over 400 business leaders from the US and Ireland.
Kerry said the new facility will employ more than 400 people during the construction phase and over 100 full-time positions once it is fully operational.
Construction is due to start immediately and is expected to be completed by early 2021. It will more than double the production capacity of the existing site within the same footprint.
Gerry Behan, CEO of Kerry Taste & Nutrition, North America, said that North America is the company's largest market.
"As such it is fitting that it is here that we announce our largest ever capital expenditure investment," Mr Behan said.
"This new facility will be one of the most advanced and modern food manufacturing facilities in the world which will support our customers as they produce tasty and nutritious food products which will be consumed all across the US and Canada," he added.