Sydney / AU. (div) Arnott´s Biscuits Holdings has announced a 37 million AUD capital investment by installing a new state of the art biscuit production line at its Virginia bakery. The company anticipates the new line will result in 25 to 30 new roles in the first year of operation, increasing to a possible 50 or 60 over the next few years. The project is likely to significantly benefit under the Rudd Government´s 30 percent Small and General Business Tax Break which is part of the 42 billion Nation Building Plan – a company spokesman said to local media.
About: Arnott´s Biscuits Holdings Pty Ltd, commonly known as Arnott´s, is an American owned corporation in Australia and the largest producer of biscuits in «Down Under». Arnott´s is also Australia´s second largest supplier of snack food. Members of the Holding are Arnott´s Biscuits Limited, Campbell Australasia Pty Ltd, Arnott´s Snackfoods, Players Biscuits Pty Ltd (source: Australian Government, Department of Resources, Energy and Tourism – RET). Parent company of the Australian Holding is the Campbell Soup Company, headquartered in Camden, New Jersey, USA. Shareholder of Arnott´s since the 1960s, Campbell acquired the company 1997 in full. Today a wholly owned subsidiary, Arnott´s has its headquarter in Sydney. Arnott´s employs more than 4’300 Australians across all States and Territories «Down Under». The Holding also employs several thousand people across the Asia Pacific region, in countries such as New Zealand, Indonesia and Greater China.
