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6d ago

Chobani Breaks Ground on $1.2 Billion Yogurt Plant in New York

The 1.4 million-square-foot Rome facility will boost U.S. dairy production, create 1,000 jobs, and source six billion pounds of milk annually.

Chobani product
Greek-yogurt maker Chobani is shown for sale in a grocery store in San Diego, California. Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. July 07, 2021. REUTERS/Mike Blake
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Overview

  • Chobani founder Hamdi Ulukaya has begun construction on a $1.2 billion yogurt production facility in Rome, New York, financed entirely through company cash reserves.
  • The state-of-the-art plant will produce one billion pounds of yogurt, creamers, and other products annually and process up to 12 million pounds of milk daily.
  • New York state is supporting the project with $95 million in incentives, including $73 million in tax credits and $22 million from the Fast NY grant program.
  • The facility, built on 150 acres, is expected to create 1,000 full-time jobs and provide a significant boost to the struggling Northeast dairy industry.
  • This investment follows Ulukaya’s recent $500 million commitment to expanding Chobani’s Idaho plant, underscoring the company’s long-term focus on U.S.-based manufacturing.