# Lotus Bakeries to build $50M facility in Triad region

Lotus Bakeries announced plans to expand with a $50 million facility in the Triad region of North Carolina. The facility will be built by Samet Corp.

- Type: Expansion
- Announced: 2016-11-04
- Where: Triad region, North Carolina, United States
- Value: $50.0M
- Status: announced
- Products: baked goods
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Lotus Bakeries](https://endata.com/companies/19554.md)

## Sources

- [bizjournals.com](https://www.bizjournals.com/triad/news/2016/11/04/its-official-lotus-bakeries-to-expand-with-50m.html), 2016-11-04: "Lotus Bakeries to expand with $50M Triad facility"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.