Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
CJ CheilJedang finished the construction of its frozen pizza production plant in the United States. The facility has been described as the largest manufacturing facility for frozen pizza in the world.
As per The Korea Times, the building of the plant is part of CJ CheilJedang's plan to beat Nestlé, which is currently occupying the top spot as the market leader in the field. The construction is actually just an expansion of the company's Schwan's pizza plant located in Salinas, Kansas.
Schwan's was acquired by CJ CheilJedang in February 2019 and has subsequently become its North American subsidiary. The largest food manufacturing company in South Korea expanded its Schwan's facility by adding around 40,000 square meters of space for production. The total floor area of the plant is now 90,000 square meters which is equivalent to the size of almost 12 soccer fields.
CJ CheilJedang will also expand its logistics center that is also inside the Salinas plant, and this is expected to be completed by the year 2025. The hub will handle the distribution of all of the company's food products, including the Bibigo brand in the U.S.
"This is a world-class, state-of-the-art manufacturing facility that enables us to significantly increase our capacity to produce our quality pizza products and continue to support the community's economic development," Dimitrios Smyrnios, Schwan's chief executive officer, said in a press release. "Red Baron is the fastest growing brand in frozen pizza and we're well-positioned to meet consumers' growing demand for their favorite pizza."
A company official of CJ CheilJedang also said, "Schwan's Company serves a crucial role in expanding our global food business and contributes greatly to the spread of K-food. With the expansion of the Salina factory, we will continue to build business capabilities to become the No. 1 food company in the U.S."
Photo by: Alan Hardman/Unsplash
