HFG has announced plans to expand its packing capability in Australia, by constructing (at an expected investment cost of A$115m financed through bank facilities) a new meat processing facility in Queensland, in order to supply Woolworths, the leading grocery retailer in Australia. This is a highly significant development as the new Queensland plant, alongside HFG’s two existing dedicated retail packed meat facilities in Melbourne and Bunbury (both operated as a joint venture with Woolw

06 Dec 2016
New packing facility; Highly significant for underpinning future growth

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New packing facility; Highly significant for underpinning future growth
Hilton Food Group plc (HFG:LON) | 830 0 0.0% | Mkt Cap: 746.7m
- Published:
06 Dec 2016 -
Author:
Peter Smedley -
Pages:
4 -
HFG has announced plans to expand its packing capability in Australia, by constructing (at an expected investment cost of A$115m financed through bank facilities) a new meat processing facility in Queensland, in order to supply Woolworths, the leading grocery retailer in Australia. This is a highly significant development as the new Queensland plant, alongside HFG’s two existing dedicated retail packed meat facilities in Melbourne and Bunbury (both operated as a joint venture with Woolw