General Mills plans expansion in New Mexico
November 20, 2008
by Eric Schroeder
ALBUQUERQUE, N.M. — General Mills, Inc. plans to invest approximately $100 million in an expansion of its existing Albuquerque plant, according to an article in the New Mexico Business Weekly.
The announcement was delivered by Albuquerque Mayor Martin Chavez as part of his state of the city address on Nov. 18.
Minneapolis-based General Mills opened its current operation, which makes breakfast cereals, in 1991. It currently employs about 190 at the facility, and with the expansion will add about 160,000 square feet and employ an additional 60. With the expansion, General Mills is expected to step up production of snack foods, such as granola bars, fiber bars and fruit snacks.
According to the New Mexico Business Weekly, General Mills’ board of directors has yet to sign off on the expansion, but is expected to do so after the city of Albuquerque authorizes industrial revenue bonds for the project.
General Mills plans to break ground by March and hire the additional employees near the end of 2009 or the first quarter of 2010.