S&D Coffee announces expansion plans
US-based S&D Coffee plans for a $35m expansion and will change name to S&D Coffee and Tea to reflect its iced tea offerings.
The company is yet to finalize a location for the new production facility. S&D is currently investing $27.5m to expand and remodel its Concord, North Carolina headquarters.
The first phase of the renovations, including installation of energy efficient windows, are scheduled to be completed by November 2012, while the second phase to begin in 2013.
S&D Coffee chairman and CEO Ron Hinson told independenttribune.com that the company which added 120 positions in the last 12 months is currently expanding its Concord headquarters and is looking for a site to build a $35m expansion plant that will create another 200 jobs.
"What we're looking at for this next go around is probably a 200,000-square-foot facility," he added.
"Our current office space has served us well for nearly four decades, but because S&D is growing so steadily, we realized that the time was right to refresh our office structure.
"It is all part of our ongoing growth, both as a company and as a member of our community. In the upcoming months, we plan to communicate more news about further expansion, including additional facilities."
Hinson also told the website that sales will be between $500-700m by the end of this fiscal year.
Related Insight
Suppliers Directory
Non-alcoholic Fruit Juice Energy & Sports Drinks Dairy Hot Drinks Soft Drinks Bottled Water
Technology Packaging Process Technology
Markets & Regulations Markets Regulatory & Safety
Soft Drinks Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Buy online from $449
Comments may be moderated for spam, obscenities or defamation.