Starbucks Corporation (NASDAQ:SBUX) has began the construction of its new Georgia plant.

Starbucks Breaks Ground On New Plant

The coffee retailer Starbucks Corporation (NASDAQ:SBUX) is investing $172 million to build a new plant in Georgia to manufacture soluble products.

This first company owned plant will bring 140 new jobs, like maintenance and engineering technicians, roasting operators, soluble process operators and packaging operators.

The plant will also offer other manufacturing jobs.

Starbucks Corporation (NASDAQ:SBUX) said that the new manufacturing facility will produce Starbucks VIA Ready Brew, coffee base for Frappuccino and other ready-to-drink beverages.

Starbucks Corporation (NASDAQ:SBUX) shares were at 52.68 at the end of the last day’s trading. There’s been a -13.1% change in the stock price over the past 3 months.

Starbucks Corporation (NASDAQ:SBUX) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 15 out of 45 in the industry