Japan-Based Company Expanding In Wisconsin to the Tune of $800 Million

In a significant move set to bolster Wisconsin's economy and job market, Kikkoman Foods Inc. has announced plans for a substantial expansion of its operations in the state. The Wisconsin Economic Development Corporation (WEDC) has approved up to $15.5 million in performance-based tax credits to support Kikkoman's expansion endeavors.

The Japanese company, renowned for its soy sauce and other seasonings, has been an integral part of Wisconsin's economy for over half a century. Kikkoman's journey in Wisconsin began in 1973 with the opening of its brewing plant in Walworth, which has since become the highest-producing soy sauce facility in the Kikkoman Group worldwide. For over 50 years now, Kikkoman has been an integral part of Wisconsin brewing.

Now, Kikkoman is gearing up for its next chapter of growth with plans to invest at least $800 million in expanding its brewing plant in Walworth and constructing a new facility in Jefferson. This expansion initiative is expected to create 83 new high-paying jobs over the span of 12 years, offering a significant boost to local employment opportunities.

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The decision to expand in Wisconsin underscores the strong partnership between the state and Japan, as well as Kikkoman's commitment to the region. Mr. Yuzaburo Mogi, honorary chief executive officer and chairman of the board of Kikkoman Corp., highlighted Wisconsin's favorable factors such as market access, outstanding workforce, and community partnership as key reasons for selecting Jefferson as the site for the new facility.

The groundbreaking for the initial phase of the Jefferson build-out, slated for June 2024, marks a milestone in Kikkoman's expansion journey. The new facility, spanning 240,000 square feet, will produce soy sauce and related seasonings, including teriyaki sauce, with the first shipments expected in fall 2026. Notably, the facility will prioritize sustainability efforts to reduce CO2 emissions through energy-efficient equipment and renewable energy usage.

Local leaders, including Wisconsin Governor Tony Evers and Jefferson Mayor Dale Oppermann, have welcomed Kikkoman's expansion as a testament to the strength of Wisconsin's business environment. Governor Evers emphasized the enduring partnership between Wisconsin and Japan, while Mayor Oppermann expressed gratitude for Kikkoman's trust in the local community.

The creation of a new Enterprise Zone for Kikkoman Foods Inc. reflects the state's commitment to fostering economic growth and job creation. With over $3.8 billion in expected capital investment and the creation of over 20,000 new jobs across 20 active Enterprise Zones, Wisconsin continues to position itself as a favorable destination for businesses seeking expansion opportunities.