SOURCE: Industrial Info Resources

Industrial Info Resources

August 19, 2011 06:20 ET

J.M. Smucker Continues Coffee Plant Expansion Projects, Despite Lower Sales Volumes, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 19, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- J.M. Smucker Company (NYSE:SJM) (Orrville, Ohio) yesterday reported that sales in the first quarter of the company's 2012 fiscal year (the three months ending July 31, 2011) were 14% higher than the corresponding period last year. Net income of $111.5 million was up 8% year over year.

The news comes as the company continues significant capital investment at facilities across the U.S. In addition to the $120 million expansion of the manufacturing plant for the company's well known jams and jellies in Orrville, Ohio, Smucker is investing approximately $77 million in expansion projects at two coffee plants in New Orleans, Louisiana. Information on these and other projects is available in Industrial Info's North American Food & Beverage Industry Database.

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