The Missouri Department of Economic Development announced that Kemin Industries will undertake a $14 expansion of its production facility in Verona, MO.
The five-year expansion plan is expected to create 24 new jobs, and will give the company additional production capacity to manufacture the meat proteins used in palatants for pet foods.
Mike Downing, acting director of the Missouri Economic Development Dept (DED), said that the Kemin announcement is another big win for the state, and will create jobs and boost the economy.
Downing said they were proud to partner with Kemin for the expansion.
The Verona plant was acquired by Kemin in 2011 from American Dehydrated Foods. The purchase and this latest expansion plan are both part of the company’s plan to enhance its global palatant manufacturing capacity and ensure that Kemin is positioned to meet the rising demand among consumers for pet food.
They have also opened a new plant in Italy and acquired another manufacturing facility in Brazil. Not to mention the fact that Kemin is in the midst of a $40 million expansion of its corporate headquarters in Des Moines, IA, where they recently opened a new R&D facility. All told, the company has nearly 2,000 employees around the world and operates in 90 countries.
In Missouri, the company plans to expand the Verona facility by 40,000 square feet in order to accommodate growth in both production capacity and warehouse space over the next few years.
Giuseppe Abrate, president of Kemin Industries’ pet food ingredient division, said that Missouri’s prime location in the middle of the animal health science corridor provides an excellent location for their palatant plant.
Abrate added that access to diverse industry resources has served their business well, and will help them achieve the vision of touching half the world’s people, and pets, with their services and products.
Verona Mayor Willis Huston said they are pleased that Kemin Industries decided to expand in the city and will be able to benefit from the Enhanced Enterprise Zone which Verona comes under. Mayor Huston added that as they seek to revitalize the city, others will take advantage of it too.
The Missouri DED further facilitated the expansion by approving Kemin for $300,000 in state economic development incentives, which are subject to the company fulfilling its job creation and investment commitments.