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Govt money for Campbells $5 million soup investment

Campbells Soups will invest $5 million at its Shepparton factory to boost exports of canned food products to Asia by up to $14 million a year, a project that will secure the future of 250 full-time jobs in the Goulburn Valley.

March 4, 2014 12:00pm

Campbells Soups will invest $5 million at its Shepparton factory to boost exports of canned food products to Asia by up to $14 million a year, a project that will secure the future of 250 full-time jobs in the Goulburn Valley.

The Victorian Government announced the Victorian Coalition Government would provide $300,000 to support the $5 million investment.

The company employs about 250 full-time staff making soups, stocks, sauces and juices for domestic and export markets.

‘‘The closure of a Campbell Soups facility in the USA has provided the Lemnos site with the opportunity to increase production of canned soup for export to Asia, particularly Japan and Hong Kong,’’ Mr Ryan said.

‘‘The $5 million investment will boost exports of processed food products from the facility by up to $14 million a year, while also generating additional sales of Victorian products and services, including cans, packaging, meat and fresh produce.’’

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