Minimising Waste and Maximising Profit with Invest Northern Ireland
Invest Northern Ireland has helped local firm Ballymoney Foods save over £150,000 per year through its Flagship Waste Minimisation Project.
Developed by Invest NI the project is implemented through the Knowledge Transfer Partnership (KTP) - a programme managed by Queen’s University, Belfast and the University of Ulster. Co-funded by the EU Building Sustainable Prosperity fund the project aims to demonstrate how the adoption of good resource management practice can result in impressive cost savings.
Ballymoney Foods which produces a wide range of frozen chips for retailers and catering companies identified water minimisation as an area where savings could be made with minimal expenditure. The company formed a number of cross-company teams and tasked them with identifying and measuring the water needs of the company.
These teams together with the KTP Associates made a series of recommendations which led to a 50% reduction in the company’s water consumption. The water reduction made a saving of £50,000 with a knock-on effect of reduced effluent costs of over £100,000.
Commenting on the outcome of the project, John Weatherup of Ballmoney Foods said: “Water and effluent are an increasing cost in business and by a concerted effort from all areas within the company worthwhile savings have been identified and implemented.”
Alan Neville, Director of Knowledge Management with Invest NI commented: “This programme has been a real success both in terms of the cost savings it has made for many local companies across Northern Ireland and the positive impact it has had on the environment. By employing simple waste minimising techniques a company can improve their bottom line, enhance their competitiveness and also manage their environmental impact.”