Keurig Dr Pepper (NYSE: KDP) today announced plans to develop a new, state-of-the-art production and warehouse facility in Allentown, Pennsylvania. The Company is expected to invest approximately $200 million of capital and create nearly 400 jobs in the Allentown community.
This new facility provides KDP additional, highly efficient capacity for existing and new brands. In addition, this facility will help the Company optimize its logistics footprint in the Northeast by providing large-scale warehouse operations.
"KDP is focused on building an integrated, best-in-class manufacturing network that supports the production of all beverages in all categories," said Fernando Cortes, KDP Chief Supply Chain Officer. "Our new facility in Allentown and additional supply chain investments in existing facilities support our vision for providing a beverage for every consumer. We are excited to become part of the Allentown community as we continue to invest in new and exciting opportunities for growth."
"My administration has been committed to finding the right company to utilize this site, and we are proud that Keurig Dr Pepper has agreed to expand its operations and create new jobs in the commonwealth," said Gov. Wolf. "Today's announcement is great news for the Lehigh Valley region."