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17/05/2005
Moy Park announces £40m investment plans
Leading food processing company Moy Park has announced plans to invest £40 million at its four plants across Northern Ireland.
The investment, which is being backed with £6 million by Invest NI, aims to facilitate capability development at its plants in Craigavon, Dungannon, Moira and Lisnaskea.
Managing director, Trefor Campbell said: “As a company, we continually strive to achieve world class standards and productivity levels. This investment will drive greater efficiencies which will enable Moy Park to compete more effectively with larger competitors and to maintain competitive advantage.”
Invest NI chief executive Leslie Morrison added: “As Northern Ireland’s largest food processing company, employing some 3,500 in the region, this significant investment will ensure Moy Park retains its market position with key retailers across the UK and Europe.
“The project will have a direct impact on improving the company’s production capability and will strengthen Moy Park’s position within the OSI Group. The ongoing development of Moy Park is strategically important for the sector, contributing significantly to the growth, capability and market focus of the Northern Ireland food industry.”
In addition to increasing company turnover the project, which supports approaches proposed in the “Fit for Market” report of the Food Strategy Group launched in November 2004, will safeguard jobs.
(MB)
The investment, which is being backed with £6 million by Invest NI, aims to facilitate capability development at its plants in Craigavon, Dungannon, Moira and Lisnaskea.
Managing director, Trefor Campbell said: “As a company, we continually strive to achieve world class standards and productivity levels. This investment will drive greater efficiencies which will enable Moy Park to compete more effectively with larger competitors and to maintain competitive advantage.”
Invest NI chief executive Leslie Morrison added: “As Northern Ireland’s largest food processing company, employing some 3,500 in the region, this significant investment will ensure Moy Park retains its market position with key retailers across the UK and Europe.
“The project will have a direct impact on improving the company’s production capability and will strengthen Moy Park’s position within the OSI Group. The ongoing development of Moy Park is strategically important for the sector, contributing significantly to the growth, capability and market focus of the Northern Ireland food industry.”
In addition to increasing company turnover the project, which supports approaches proposed in the “Fit for Market” report of the Food Strategy Group launched in November 2004, will safeguard jobs.
(MB)
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Up to 400 jobs may be in jeopardy at Moy Park in Ballymena as the company has temporarily halted one of its production lines. Although the poultry firm said no roles will be compromised, the union Unite has reported fears among staff that the decision to cease processing live birds will be made permanent.
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