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5d ago

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

The 1.4 million-square-foot facility in Rome will create over 1,000 jobs, support local dairy farmers, and boost in-house production capacity.

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 has started construction on a $1.2 billion yogurt plant in Rome, New York, funded entirely through its cash reserves.
  • The facility will span 1.4 million square feet, host 28 production lines, and process up to 12 million pounds of milk daily.
  • New York state has provided $95 million in incentives, including tax credits and a Fast NY grant, to support the project.
  • The plant is projected to create over 1,000 jobs and purchase 6 billion pounds of milk annually, benefiting local farmers in the region.
  • This investment, along with a $500 million expansion of Chobani's Idaho facility, underscores the company's commitment to domestic manufacturing and rural economic growth.