Maruchan to bring oodles of noodles to San AntonioMaruchan to bring oodles of noodles to San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=97472012-09-04T09:07:00Z2012-09-04T00:00:00Z

SAN ANTONIO - Japanese noodle maker Maruchan Inc. is set to build a 500,000-sf factory that will employ 600 people on 60 acres in the Medio Creek Business Park at 11389 I-35 S.

The $330 million factory is expected to open first quarter 2014, just as the company’s existing plants in Irvine, Calif., and Richmond, Va., reach capacity. Company sources cited very favorable Texan freight rates.

The only incentives the City of San Antonio and Bexar County gave Maruchan was a promise not to annex the land into city limits for at least five years, saving the company an estimated $1.82 million in property tax a year. Bexar County will also help with infrastructure by maintaining primary roads.

Maruchan, whose U.S. headquarters is in Irvine, Calif., sells an estimated 4 billion packages of Ramen Noodle Soup and has a 66.7 percent market share in the United States.

Other major California corporations have also expanded operations to San Antonio in the past three years, including PetCo, Capital Group, Sun Edison, Medtronic and InCube Labs.

Read more at the Orange County Register.

Online news
San Antonio-New Braunfels
Read more at {Source}

 Search NewsTalk Texas