$33M is One Very Sweet Investment

$33M is One Very Sweet Investment

Albanese Confectionery has announced a very tasty investment will be coming to its Hobart candy factory. Over three years, the company will be investing $33 million to add a new, fourth, production line that will include a packaging line, a bulk sugar system, and other upgrades to the facility.

The most delicious part of the announcement? Some 150 additional employees that’ll be added to the company.

Company officials have stated this will bring the total number of employees at the factory up to 550 by 2019. The Hobart City Council has approved initial resolutions for a 10-year personal tax abatement, which company officials stated will be used for equipment purchases and was an integral part of their ability to expand. Initial phases of construction for this project will be starting up in January. The expansions needed for the building itself are already complete.