Peanut oil processing plant brings investment and jobs to Crisp County
A China-based production and exporting company will be investing $5 million into a new peanut oil processing plant along with creating 20 jobs.
Georgia Governor Nathan Deal's Office announced Monday morning that Farmax Merchandise is behind the move.
“As the No. 1 state in which to do business, Georgia continues to build on its strong momentum in attracting companies from around the world,” said Deal. “International partnerships such as this one stimulate the local economy and deliver superior supply chain efficiency for manufacturers. By locating in Crisp County, Farmax will benefit from our strong transportation infrastructure and further establish Georgia as a top state for international companies to invest in and share our success.”
“We are very excited, as Farmax, to be establishing our new factory here in Georgia, which enables our new North American business expansion,” said Bill Deng, president and CEO of Farmax. “We are also pleased with the support we have received from the state and the county to help us grow.”
Farmax is a subsidiary of Qingdao Hwa-Nuts Foodstuff Co., Ltd.
A start date on the facility has not been announced.