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Candy maker Charms will invest $ 97.7 million to expand his blow pop factory at Covington, Tennessee, village. Bill Lee said February 12 press release,
Money will generate 62 jobs and will also increase its distribution center. Once the project is completed, the factory will have about 500 workers, according to the release.
Charms were established in 1912 and forms various candy brands including Kovington Plant, which has been working since 1973, blow pop, sour balls, drunk stuff, cotton candy and classes, According to the website,
Chocolate Candy Manufacturer Toti Roll Industries acquired the company in 1988.
For the whole year, the net sales of Toti Roll Industries declined by about 6.3% year-old year to $ 715.5 million. Candy manufacturer generated a sales of $ 191.4 million in its fourth quarter, according to the company, a decline of about 2% compared to the previous year February 12 Securities filed,
Tots attributed the demand to decline in sales for slow demand in high candy prices. While the margin was progressed to improve, the company stated in an investor that the cost of cocoa and chocolate has climbed this year as new, costers supplier contracts are effective.
Nevertheless, Tatsy focuses on long term and will continue to invest in factory operations to increase the demands of the product, improve quality, expand manufacturing capacity -confectionery manufacturer Said in his earnings filing.
