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Chocolate producer Lindt & Sprüngli plans to invest CHF 200 million ($201 million) to expand its chocolate production facility in Stratham, New Hampshire.
New high-tech production lines will be added at the plant over the next four years, which will create cocoa and chocolate mass for its premium chocolate products.
Lindt & Sprüngli has approved the upgrade as it seeks to expand its presence in the US chocolate market. The company currently stands as the third largest chocolate producer in the US, following consistent sales growth in recent years.
The company reported that its sales in North America have grown 4 per cent in the first half of 2018, following the strong performance of its Lindt brand in both Canada in the US.