The Lamb Weston Holdings, Inc. announced an investment to expand operations at its Hermiston, Oregon, processing facility with the construction of a $250 Million per-year on french fry line. The new line will be modeled on the company's recently operational production line in Richland, Washington, and is expected to be completed in the fourth quarter of fiscal 2019. The new Hermiston line is intended to support growth in North America, as well as exports to Asia where demand growth has been, and is expected to remain, strong. The expansion is expected to add approximately 170 full time positions.

The company further announced that, the Board of Directors declared a quarterly dividend of $0.19125 per share, up from $0.1875 per share in the prior quarter. The dividend is payable on March 2, 2018 to stockholders of record at the close of business on February 2, 2018.