Invest Northern Ireland has announced support of almost £6m towards the substantial £40m investment by Moy Park to facilitate capability development across its plants in Craigavon, Dungannon, Moira and Lisnaskea.
Welcoming the announcement Leslie Morrison, chief executive of Invest NI said: “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.”
Moy Park’s 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.”
Moy Park has a well-established business as a key supplier to the UK retail sector, both under private label and the Moy Park brand.
In addition to increasing company turnover the project will safeguard jobs.
The project supports approaches proposed in the “Fit for Market” report of the Food Strategy Group launched in November 2004 and carried forward by the Food Strategy Implementation Partnership (FSIP) to build stronger and more effective relationships between food producers, food processors and retail sectors.