Business and the Economy
Lexington's Peanut Butter Factory Improvements
The almost age old smell of roasting peanuts along Lexington’s Winchester road is expected to continue for years to come. J.M. Smucker is investing more than 40 million dollars in Lexington’s Jif plant. Daniel Lowry with the Kentucky Economic Development Cabinet says the investment is important for the state’s economy. “They’re gonna make the plant better, you know they’re upgrading machinery. They’ll expand their production line to meet increased demand. So, things are going great for Jif. That’s what we want to hear. We want to make sure they can continue to compete and stay here in Kentucky,” said Lowry.
The recent announcement means the retention of 279 jobs at the Lexington plant. Lowry says the Kentucky Reinvestment Act helped make this decision easier...
“The Kentucky Reinvestment Act is supposed to be able to help companies to make these types of investments in Kentucky, so that they can stay here in Kentucky, remain competitive, have the equipment they need to keep their prices low, to help their efficiency. That’s all that does,” added Lowry.
In a release from the Smucker Company, it notes plans to build a new tempering facility and enhance existing technologies. The statement goes on to say the majority of Jif’s total peanut butter business will continue to be produced in Lexington.