John peoples
University of Phoenix
Explanation of Use of Loan
Tootsie inscription Industries has been producing Americas most historic and iconic glass for 116 years. Tootsie Roll has been able to be a mainstay in the sugarcoat business through great products, established trade campaign, efficient ware and manufacturing processes. The Tootsie Roll confectionary products are made with whatsoever very sophisticated manufacturing equipment, however many of the current production facilities are in need of upgrades and technological advances in some(prenominal) of the manufacturing equipment in the plant. Tootsie Roll has too acquired several other confectionary producing companies oer the last ten years. Many of these facilities are also in need of major capital equipment upgrades. Tootsie Roll Industries expansion into the orbiculate market with selling their products in oer 70 countries has also helped it to be a major player in the candy business. The proceed advancement of the companys products into global markets is strident for the continued success of the company.
Capital Equipment
Capital Equipment within Tootsie Rolls plants is functional but somewhat antiquated and unavoidably a lot of maintenance to maintain.
20% of the loan heart will be used to acquire capital equipment in 2 of Tootsie Rolls plants. The addition of new case equipment and high-performing ovens will helped to append the production efficiency of the Tootsie Roll agate line as well as 4 other major candy lines. This efficiency should help to increase profits by 25% and the depreciation cost of the ovens and packaging equipment is 15 years. This increase of capital equipment is a vital tool in the continued success and profitability of Tootsie Roll Industries.
Global Expansion
Tootsie Roll Industries has not only increased its brands and products all over its 116 years but over the last 20 years it has expanded is distribution to over 70 countries including Canada and Mexico....If you want to get a full essay, magnitude it on our website: Orderessay
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