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Cranswick to invest £54m in new poultry plant

Cranswick has announced plans to build a new £54m primary poultry facility in Eye, Suffolk, as it continues an investment drive.

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Cranswick to invest in new poultry plant

The facility was scheduled for completion in late 2019 and would double its existing capacity as well as upscaling its feed mill and hatchery operations.

 

It added its new £28m Continental Foods facility in Bury, Lancashire was ‘progressing to plan’.

 

It came as it reported its financial results for the six months ended September 30, with statutory profit before tax was up 9.9 per cent year on year at £40.5m and revenue up 23 per cent at £714.6m with strong growth in the poultry category.


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Adam Couch, Cranswick’s chief executive said: “We have invested a record £29 million in our infrastructure during the first half of the year.

 

“As part of the development of our rapidly growing poultry business we are announcing today our planned investment in a new primary poultry facility in Eye, Suffolk.

 

Capacity

 

“This class-leading facility, which is scheduled for completion in late 2019, will double our existing capacity with further room for expansion. The facility will incorporate the highest animal welfare standards and latest generation production techniques and equipment to drive operational efficiency gains.

 

“We also plan to upscale our feed mill and hatchery operations to maintain our fully integrated supply chain model,” he added.

 

“During the period we have strengthened our asset base, enhanced market positions and developed new customer relationships.

 

“We continue to make good progress against each of our strategic objectives and we are well placed to continue our successful development in the current financial year and going forward.”

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