Member Article

Malton factory in line for £2.5 million investment

A Malton factory is in line for a £2.5 million investment from its owners, and will be the site of a new product development centre.

Karro Food Group has announced a £10 million capital spending programme for its British operations, including £2.5 million for the factory near Malton.

A new Innovation Centre will also be launched at the Norton site, with a new product development and research and development facility creating two new jobs.

In the coming 12 months £1.5 million will be spent to upgrade to the gammon processing line at Malton to expand the company’s fresh pork and gammon production and slicing capability; while a new “kill line” will cost a further £1 million.

Karro’s executive chairman Di Walker said: “This significant investment demonstrates Karro’s commitment to use the latest technologies to enhance our already excellent product quality and provide the best service possible to our valued customers.

“It is further evidence that we are well-ahead of our five year turnaround plan, and gives us added capability to develop our strategic retail and trade partnerships and enter new markets.

“The underlying performance of the business continues to gain momentum and we are extremely positive about the outlook for Karro Food Group. Furthermore, we will be in a position to report another year of significant financial improvement when we release our 2014 accounts in the coming months.”

The capital investment programme, financed from cash generated by the business, will be carried out over the next 12 months at Karro facilities in Northern Ireland and Suffolk as well as Malton.

This was posted in Bdaily's Members' News section by Robert Beaumont .