Nissin Foods announces $228 million expansion plans in the U.S.Nissin Foods announces $228 million expansion plans in the U.S.
Third manufacturing facility will bring hundreds of new jobs to South Carolina.
November 14, 2023
Nissin Foods USA, the creator of such iconic brands as Top Ramen and Cup Noodles, is investing $228 million to develop a third U.S. manufacturing facility in Greenville County, South Carolina. The investment will significantly increase the company's manufacturing capabilities and advance its innovation pipeline to further meet consumer demand for its products.
"For more than 65 years, our instant ramen products and brands have cultivated a loyal consumer base, which has fueled our relentless growth in the market," said Michael Price, chief executive officer and president of Nissin Foods USA. "With the southeastern portion of the United States being a priority market for Nissin Foods, Greenville's geographic accessibility, talented labor market, and competitive cost of living makes it an ideal location for our new plant."
With manufacturing plants in Gardena, California and Lancaster, Pennsylvania, the new facility will produce a range of Nissin Foods' products across its brand portfolio, including Top Ramen, Cup Noodles, Hot & Spicy FIRE WOK and more, with capacity for further expansion as needed. The 640,640 square foot facility will also feature solar panels, EV charging stations and electric forklifts, furthering the Nissin Foods' commitment to minimize CO2 emissions by 30% by 2030 and reach carbon neutrality by 2050 as part of the company's long term environmental strategy.
"Opening a third facility marks a critical turning point for Nissin Foods, solidifying our leadership position in the U.S. market as we continue to grow the instant ramen category," said Price.
The company recently reported four consecutive quarters of high double-digit growth driven by its premium product innovations, with a 27% increase in sales at the end of its first quarter in 2023 compared to the same time in 2022. To better support demand for its products, the Greenville facility is part of the company's larger business plan following a recent multi-million-dollar investment in its Lancaster plant, increasing overall capacity.
Nissin Foods' new facility will bring hundreds of new jobs to the Greenville County community. Construction of the facility will begin in December 2023, with operations planned to start in August 2025.
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