The chief financial officer of Nissin Foods says the company will likely build another plant in the U.S., but not to avoid tariffs; “simply to accommodate increasing demand in the U.S. market.”
“Our basic strategy, to produce locally, has not changed,” Takashi Yano said on the Asian version of CNBC. As a result of that philosophy and the three plants already on U.S. soil, the tariffs will have minimal effect on Nissin’s U.S. business.
“The reason we are going to establish new factory is simply to accommodate increasing demand in the U.S. market. We have doubled our sales [in the U.S.] in the past three years.” He did not specify when or where that factory will be built.
The company’s third U.S. plant, in Greenville County, S.C., should be coming online this summer. Nissin also operates plants in Gardena, Calif., and Lancaster, Pa.
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Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.