Conagra Brands Inc. (CAG), a food company, announced on Friday that it plans to expand its manufacturing facility in Fayetteville, Arkansas, through a multi-year investment of approximately $220 million.
This project is expected to create more than 100 new jobs over the next five years as the company strengthens its frozen foods production capacity.
The expansion will significantly increase chicken production at the Fayetteville plant, which currently manufactures ready-to-eat meals under brands such as Hungry-Man, Banquet, Healthy Choice, Gardein, and Evol. The facility produces about 15 million cases of food annually.
Construction is expected to begin later this year. Conagra operates two facilities in Arkansas and employs about 2,000 workers in the state.
CAG is currently trading at $18.82, up $0.21 or 1.13 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.