SPC to build factory in the U.S. following expansion of bakery Paris Baguette (Korea)

SPC Group, a major Korean food company that operates the bakery chain "Paris Baguette," will build a bread factory in the United States. The company has selected Burleson, Texas, as its candidate site and is in talks with the local government and investors.
The group announced that it is finalizing the funding plan and subsidy. The talks are expected to be completed as early as January. The group's U.S. bakery will operate in the U.S. and overseas, where the number of Paris Baguette stores is expanding.
The facility will be used to supply products not only to Canada, but also to the Latin American region, where the company plans to expand in the future. The investment amount is approximately 160 million dollars (USD, approximately 25.1 billion yen). The factory site area is approximately 150,000 square meters.
The new factory will be the largest overseas factory for the SPC Group, with a production capacity of 1,000,000 meters. The group operates around 600 Paris Baguette stores in 14 countries, of which around 20 are in the United States and Canada.
The group has 10,000 stores in North America. As the franchise business in North America is on track and the number of stores is steadily increasing, the supply of products is also increasing. The group plans to expand "Paris Baguette" to North America by 2030.
The plan is to increase the number of stores in the U.S. to 1,000. The U.S. factory will be the overseas production base for SPC Sanli, a general food company in the group. An SPC Sanli official said, "Through cooperation between group companies, we are expanding our U.S.
"We are considering a policy of utilizing the domestic factory as a base for responding to the market and implementing our localization strategy."