Food

The food and beverage industry’s capital spending is expected to increase 19.3% this year, according to a survey of 32 public companies. In 2009, these companies’ capital spending fell 8.7%. Twenty-four of the 32 firms project increases in capital spending this year, led by PepsiCo and Tyson Foods. Spending plans include greenfield projects, which are being undertaken due in part to financial incentives from local communities. Another driver is food safety, as food processors update their facilities for sanitation and ability to maintain cleanliness. Other trends include increased automation and the ability to collect and track processing data. International operations are also receiving more spending.

Source: Food Processing

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