The survey, conducted in November, indicated that executives predominately plan to invest in processing and packaging equipment this year. In fact, 88% of respondents noted they plan to buy new processing equipment while 82% will buy new packaging equipment.
Naturally, companies with $25 million or more in annual sales tend to invest a greater amount in capital projects primarily because of the size of their company, cash flow available and ability to borrow at historically low rates. Smaller companies tend to spend significantly less, often less than $1 million.
After the successful IBIE 2010 exhibition in Las Vegas, the survey subsequently indicated that many baking and snack companies were doing a lot more than window shopping at the show.
Check out our February 2011 issue for more exclusive information from Baking & Snack’s survey. In addition, keep reading Baking & Snack’s Operations Update for exclusive information from our editors in the industry.
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