UK food group Cranswick is looking to build on a year of rising profits with plans to up capacity at a chicken factory.
The publicly listed business today (19 May) booked a 9.5% rise in annual revenues, which contributed to a near 18% increase in profits
Cranswick said it wants to expand the capacity of its fresh-poultry processing site in Eye in eastern England. The company is in the middle of a £13m ($17.4m) project at the site, which opened in 2019, to up capacity to 1.6 million birds a week, an increase of 15%. It plans to spend £56m on installing a second line at the factory.
Cranswick said the move would grow the site’s processing capacity to two million birds a week. The company expects to complete the project during its 2028 financial year. It will “provide further headroom to support the continued growth of our fresh and added-value poultry business”, Cranswick said.