Eagle-based Lamb Weston announced it would pour nearly half a billion dollars into its Idaho french fry factory.
The company said it would spend $415 million to expand capacity at the plant in American Falls in Eastern Idaho. The plant first launched in 1961, and will undergo expansion and modernization – which will grow output to 350 million pounds of fries and other potato products each year.
The expansion will add about 150 jobs according to the company. It should wrap up in mid-2023.
“We continue to be confident about the long-term health and growth of the global french fry market,” Lamb Weston CEO Tom Werner said. “This investment in American Falls complements our recently announced plans to construct a greenfield french fry processing facility in China, as well as capacity expansion in Russia by our European joint venture, Lamb-Weston/Meijer. Together, these investments will strengthen our global manufacturing network, and provide us added flexibility to meet demand growth and serve our customers around the world.”
Lamb Weston primarily sells potato products directly to restaurants and other foodservice outlets like school and business cafeterias.
The company launched in 1950, and in 2016 conglomerate ConAgra spun it off and established corporate headquarters in Eagle. The company is publicly traded with annual revenue of $3.5 billion. It counts the JR Simplot Company, headquartered in Boise, as one of its main competitors in the frozen potato segment.