Mars to Spend $1.4 Billion to Expand Production in the US

Mars, the maker of Snickers and M&M's, will spend approximately $1.4 billion in 2027 to expand production in the US. The funds will be used to upgrade existing factories and manufacture new products.

The company produces about 94% of the products it sells in America locally. Since 2017, Mars has already invested more than $9 billion in the US.

Last year, the company acquired Kellanova for $36 billion, adding 15 more factories. Part of the new investment will also go toward upgrading these facilities.

Mars is expanding production at a time when reduced consumer spending and changing eating habits are affecting candy sales. The company employs approximately 80,000 people in the US.

Source: Reuters