Kraft Heinz is planning to spend $3 billion to upgrade its domestic manufacturing, executives at the consumer products company said in a newly published interview.
Pedro Navio, The Kraft Heinz Company’s president of North America, told Reuters in an article published on May 14 that the company’s spending plan will lower its costs of operations and potentially defray the impact of new tariffs on imports into the United States.
As of about midday on Wednesday, Kraft Heinz had not confirmed Reuters’ reporting by way of an official announcement published on its website or a Securities and Exchange Commission filing.
Representatives of Kraft Heinz did not immediately respond to a request for comment from The Epoch Times….