UK - Food and chicken processor Moy Park has seen increased profits and strong growth in sales over the last year.
Revenues for the year increased by 10 per cnet to £1.2 billion and profit before tax rose to £33.8 million.
Moy Park, headquartered in Northern Ireland, is the European division of Marfrig Global Foods, one of the world’s largest and most diverse food companies.
The company specialises in fresh, high quality, locally farmed poultry and complementary convenience foods. Moy Park is a significant employer with over 11,500 people working across 16 production sites in the UK, Ireland, Holland and France.
For the fourth consecutive year, Moy Park has also been named Northern Ireland’s number one company in the Belfast Telegraph’s Top 100 companies list.
Moy Park Chief Executive, Janet McCollum, said: “The business delivered a strong financial performance in 2013 in what were challenging economic and trading conditions and against a backdrop of high commodity input costs. The company’s performance reflected the great efforts and contribution of the Moy Park team in expanding sales and controlling costs while investing for future growth.”
“We achieved strong growth across both retail and foodservice channels in the UK, Ireland and Continental Europe. We were also very pleased that our own Moy Park brand gained further market penetration in Ireland. Moy Park is now Ireland’s leading poultry brand and is purchased by over 50 per cent of households.”
Janet McCollum added: “The demand for locally sourced poultry from the major supermarkets in the UK and Ireland has increased. This, together with underlying market growth reflecting the popularity of poultry meat amongst consumers, has enabled Moy Park to increase fresh poultry and convenience foods sales through successfully growing with both existing and new customers.”
“A major part of our success has been, and will continue to be, our commitment to the production of high quality products and striving to exceed customer and consumer expectations through innovation, food development, consumer insight and category marketing.”
Looking ahead, Ms McCollum said: “Moy Park is well positioned for continued growth. In 2014 and in subsequent years our plans are to continue to grow the business through investment in industry leading farming and operational facilities.”
She concluded: “Through great people and strong teamwork, the business is focused on the continued improvement of all of our operations in what remain highly competitive markets. In doing so, we will strive to ensure that our product quality, integrity, people and food safety is amongst the best in the industry. Moy Park continues to strengthen partnerships with our customers as we work together to meet consumers’ needs for fresh, convenient, affordable and innovative products.”
TheMeatSite News Desk