The US company Lamb Weston Holdings announced shortly before Christmas that they want to build another line for frit production in North America in 2018 and raise the dividend for the fourth quarter of 2017.
For years, there have been very advantageous sales opportunities for French fries worldwide. In many countries, production facilities have reached their capacity limits. Therefore, the market leader in the US and abroad wants to make substantial investments and use strategic partners for the growth of the company.
In the US state of Oregon to create a new line for French fries to the latest scientific knowledge. It is expected to be completed in the fourth quarter of 2019 to service customers in Asia, where rates of increase are highest. 170 additional jobs are to be created. For this one will spend 250 million USD in 2018 and again in 2019 the same amount.
In addition, CEO Tom Werner announces that the dividend for a Lamb Weston stock for the fourth quarter of 2017 will rise to $ 0.19125. In the previous quarter, it was $ 0.1875.
The leading provider of frozen potatoes, sweet potatoes and other vegetable specialties has been supplying restaurants and retail chains around the world for more than 60 years.
Text: HANSA Futures Trading GmbH / Source: Potato News Today 
