Food and Beverage Business

Nissin Foods to invest $288 million in third US manufacturing plant

Nissin Foods to invest $288 million in third US manufacturing plant Nissin Foods Holdings Food and Beverage Business

Nissin Foods Holdings, a Japanese instant noodle and ramen producer, is set to invest $228m in a new manufacturing plant in Greenville County, South Carolina. It will be the company’s third production facility in the US, complementing its plants in Gardena, California, and Lancaster, Pennsylvania. This substantial investment is aimed at advancing the company’s innovation pipeline to meet growing consumer demand in the food and beverage industry.

The construction of the 640,640 square foot plant is scheduled to commence in December, and operations are expected to start in August 2025. The facility will be equipped with electric forklifts, solar panels, and EV charging points, as part of Nissin’s commitment to being carbon neutral by 2050 and reducing carbon dioxide emissions by 30% by 2030. Additionally, the new site will create hundreds of job opportunities for the Greenville County community.

According to CEO and president of Nissin Foods’ US arm, Michael Price, “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.” He also expressed that the strategic location of Greenville, along with its talented labor market, makes it an ideal location for their new plant, considering the food and drink consumer trends.

This significant investment comes on the heels of Nissin Foods’ plans to expand its manufacturing capacity at its Lancaster plant, fueled by unprecedented consumer demand for its instant ramen products. Price stated that having a third site “marks a critical turning point for Nissin Foods, solidifying our leadership position in the US market as we continue to grow the instant ramen category”.

Nissin Foods’ latest financial statement revealed a 10.5% increase in revenue to Y350bn and 68.1% growth in core operating profit to Y48bn. This shows the company’s strong position in the food and drink business, which aligns with the enduring popularity of its brands, including Cup Noodle, Hot & Spicy Fire Wok, and Top Ramen, in the US market. Moreover, the company’s other key markets in the Americas include Mexico and Brazil.