Gov. Josh Shapiro: Chobani investing $1.2B in facility is 'a huge deal for us'

Watch on YouTube ↗  |  September 01, 2026 at 15:49  |  3:43  |  CNBC
Speakers
Hamdi Ulukaya — Founder and CEO, Chobani
Josh Shapiro — Governor of Pennsylvania

Summary

Pennsylvania Governor Josh Shapiro and Chobani CEO Hamdi Ulukaya discuss Chobani's $1.2 billion eastern Pennsylvania manufacturing hub. The facility, acquired from Keurig Dr Pepper, is expected to create more than 900 jobs and source over 3 billion pounds of milk annually. Shapiro calls it the largest private-sector agriculture investment in Pennsylvania history and says it will raise state milk production by 30%. Ulukaya links the expansion to strong demand for natural food and a new milk-based product launch.

  • Chobani announced a $1.2 billion manufacturing hub in eastern Pennsylvania.
  • The facility was acquired from Keurig Dr Pepper.
  • It is expected to create more than 900 jobs and source over 3 billion pounds of milk per year.
  • Governor Shapiro says it is Pennsylvania's largest private-sector agriculture investment and will boost state milk production by 30%.
  • Hamdi Ulukaya says the plant will launch a new milk-based milkshake product and disrupt the category.
  • Ulukaya highlights continued strong demand for natural food.
  • He credits Governor Shapiro's team for removing obstacles to the deal.
Ideas
Hamdi Ulukaya Founder and CEO, Chobani 0:56
Natural food demand remains strong.
Demand for good, natural food is at its highest and is projected to continue for the foreseeable future, supporting Chobani's growth and new product launches.
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This CNBC video, published September 01, 2026, features Hamdi Ulukaya discussing Natural food. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Hamdi Ulukaya  · Tickers: Natural food