Schwan’s Company invests in manufacturing facility to expand Asian food category

Although construction is currently in the planning stages, the facility will include state-of-the-art automated production lines, a warehouse and distribution center, shipping and receiving docks and offices, said Chuck Blomberg, director director of communications at Schwan’s Company. FoodNavigator-USA.

The company initially announced plans in 2021 to build its Sioux Falls plant, “expected to cost hundreds of millions of dollars and add more than 600 new employees,” in addition to opening a regional office downtown, which will create 50 jobs, with the likelihood of creating up to 100 jobs once construction is complete, according to the company’s press release.

The production site will also include a wastewater treatment plant designed by Schwan and state and city officials, which will allow the company to discharge water into the city with “least impact possible on current city operations,” the company said in the same statement. .

Expansion on the Asian cuisine market, development of the Bibigo brand​

Between Asian restaurants and consumer packaged foods, the Asian cuisine market has grown in popularity in the United States, with 73% of all counties nationwide having at least one Asian restaurant, according to the Pew Research Center.

With $145.3 billion in revenue generated in 2022, the global Asian cuisine market is expected to grow at a compound annual growth rate of over 7% between 2023 and 2030, according to Nasdaq data.

The Schwan production facility will manufacture Asian-style foods, primarily the company’s bibbigo Korean food brand, in addition to frozen and shelf-stable meals, sides, snacks and entrees.