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Indykpol to Invest $53 million in Expanding Processed Poultry Meat Output

22 January 2015

POLAND - Polish poultry meat processor Indykpol has unveiled plans to invest about 200 million zloty ($53 million) in the next four years with the aim of significantly expanding its output capacity, writes Jaroslaw Adamowski.

“The Polish poultry market has been experiencing growth for year, and its pace has been very rapid,” Krystyna Szczepkowska, a spokesperson for Indykpol, told local news site Portalspozywczy.pl.

“In the fourth quarter of 2014, the group adopted an investment programme for the forthcoming four years,” Szczepkowska said.

“The programme outlines various investments in the field of processing. Their aim will be to both increase our output capacity of processed meat products, as well as to introduce a wide range of new products to our offer.”

The group says that its three plants in Poland currently process about 120,000 tonnes of poultry meat per year. The facilities are located in Olsztyn, Lublin and Swiebodzin, according to data released by Indykpol.

The planned investments are related to the positive growth forecast for Poland’s consumption of poultry meat. An average Pole is expected to consume 27.2 kg of poultry in 2015, an increase of 1.1% year-on-year compared with 2014, according to figures released by the country’s state-run Institute of Agricultural and Food Economics (IERiGZ).

“Polish consumers increasingly appreciate poultry meat,” Szczepkowska said.

“This is why it is expected that the consumption of poultry meat in Poland will continue to expand, and it will soon reach the level of some 30 kg per year.”

In addition to the domestic market, the poultry processor is also aiming to increase its foreign sales, including exports to Western Europe, where Indykpol sells about 20 per cnet of its annual output.

The company's spokesperson said that currently, Poland-based poultry meat processors have an aggregate annual output of about 280,000 tonnes of meat.

In the first nine months of 2014, the group posted revenues of some 838.6 million zloty ($224.1 million), an increase of 12.9 per cent compared with the same period a year earlier, when the firm reported revenues of 743.1 million zloty ($198.6 million). From January to September 2014, Indykpol had a net profit of about 14 million zloty ($3.7 million), which represented a sevenfold increase compared with the same period in 2013, according to the latest available data from the poultry processor.

Set up in 1993 and based in Olsztyn, in the country's north-eastern part, Indykpol says it is the largest processor of turkey meat in Poland. The group’s three facilities are ISO 9001, HACCP, IFS, BRC and QAFP certified. Indykpol’s product range includes a wide range of poultry meat products, such as hams, frankfurters, sausages, pates, cutlets, meat balls, ready meals, nuggets and other products.

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