Krinos Foods to set up $20m manufacturing facility in US
Krinos Foods, a manufacturer of Greek foods, is set to build a $20m facility in The Bronx, New York…Krinos Foods, a manufacturer of Greek foods, is set to build a $20m facility in The Bronx, New York City, US, shifting its base from Long Island City.
The company will build the 100,000ft facility on a site which is currently owned by the city. It plans to purchase the site for $3.5m.
Krinos Foods president Eric Moscahlaidis said the company chose the location due to easy transportation and proximity to the produce market.
Following the construction of the facility, the company will bring 85 existing employees and create five new jobs. Krinos plans to seek subsidies typically available to industrial companies, reported the Wall Street Journal.
Krinos, established in 1958 in New York, imports and makes olive oils, cheeses, pastas, coffee and yogurts sold in grocery stores and served in restaurants.
