UNIVERSAL CORP /VA/ 10-K

Item 2. Properties We own the following significant properties (greater than 500,000 square feet): Location Principal Use Building Area (Square Feet) Tobacco Operations: United States Nash County, North Carolina Factory and storages 1,323,000 Lancaster, Pennsylvania Factory and storages 793,000 Brazil Santa Cruz Factory and storages 2,386,000 Malawi Lilongwe Factory and storages 942,000 Mozambique Tete Factory and storages 770,000 Philippines Agoo, La Union Factory and storages 770,000 Tanzania Morogoro Factory and storages 895,000 Zimbabwe Harare (1) Factory and storages 1,445,000 Ingredients Operations: United States Momence, Illinois Factory and storages 407,000 Grandview, Washington Factory and storages 125,000 Prosser, Washington Factory and storages 335,000 (1) Owned by an unconsolidated subsidiary. We lease headquarters office space of about 50,000 square feet at 9201 Forest Hill Avenue in Richmond, Virginia, which we believe is adequate for our current needs. Our business involves, among other things, storing and processing green tobacco and storing processed tobacco. We operate processing facilities in major tobacco growing areas. In addition, we require tobacco storage facilities that are in close proximity to the processing facilities. We own most of the tobacco storage facilities, but we lease additional space as needs arise. We believe that the properties currently utilized in our tobacco operations are maintained in good operating condition and are suitable and adequate for our purposes at our current volumes. In addition to our significant properties listed above, we own other processing facilities in the following countries: Germany, Guatemala, Italy, the Netherlands, Poland, and the United States. In addition, we have an ownership interest in a processing plant in Mexico and have access to processing facilities in other areas, such as India, the People’s Republic of China, and South Africa. Socotab L.L.C., an oriental tobacco joint venture in which we own a noncontrolling interest, owns tobacco processing plants in Bulgaria, Macedonia, and Turkey. Except for the Lancaster, Pennsylvania facility, the facilities described above are engaged primarily in processing tobaccos used by manufacturers in the production of cigarettes. The Lancaster facility, as well as facilities in Brazil, the Dominican Republic, Indonesia, and Paraguay, process tobaccos used in making cigar, pipe, and smokeless products, as well as components of certain “roll-your-own” products. 18 As discussed in Note 4 to the consolidated financial statements in Item 8, due to changes that have affected the Company's operations in Tanzania, an impairment charge was recorded during the third quarter of fiscal year 2019 to reduce the carrying values of the factory and storages in Morogoro, Tanzania to their estimated fair values.