Tuesday, January 31, 2023

Georgia Peanuts Processor Plans $85M Expansion, 90 . is hiring

DONALSONVILLE, Ga. (NWN) — A Georgia peanut processing company will begin making peanut butter and other products, investing $85 million and hiring 90 people.

Farmer-owned processor American Peanut Growers Group announced an expansion Tuesday in Donaldsonville.

The company currently only makes peanut shells, but said it would build a 135,000-square-foot (12,500-square-meter) factory to make peanut paste, granules, peanut butter and roasted peanuts.

American Peanut Processors said it would also expand peanut-shelling operations. It said it would start recruitment in June.

Sarah Avery, director of the Seminole County and Donaldsonville Economic Development Authority, said the company currently employs about 143 people who earn at least $16 an hour.

Georgia produces more than half of the country’s peanuts, with last year’s harvest totaling 1.66 million tonnes (1.5 million metric tons). Among them, US peanut producers process about 200,000 tons (180,000 metric tons) per year, exporting some peanuts overseas from Savannah. The company says customers include candy companies, peanut butter makers and snack-nut roasters.

Jeremy Mays, general manager of American Peanut Producing Ingredients, said: “Per capita, peanut consumption has reached an all-time high for the second year in a row, which presents an ideal situation that will allow us to move value further through the industry’s supply chain. gives.” , said in a statement.

American peanut producers purchase peanuts from 13 southwest Georgia counties as well as Jackson County, Florida.

The company can claim various state tax breaks, including income tax credits that allow it to deduct $3,000 per job per year from state income taxes, up to $1.35 million over five years, as long as workers make at least $1,000 annually. 28,000 earn.

Avery said the county intends to give property tax exemptions to US peanut growers, but did not provide an estimated value.


Nation World News Desk
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