Cranswick reports positive volume growth
Cranswick has revealed the results of it 2017 Christmas trading period, reporting a ‘strong performance’ with total and like-for-like revenue being ahead of the prior year.
According to the group’s third quarter trading update, for the three months to 31st December, each of its categories delivered positive volume growth, with total export sales having also been “well ahead”.
An internal production line at Preston Cranswick County Foods.
In addition, trading during the third quarter of the financial year was “slightly” ahead of the board’s expectations, Cranswick noted.
With regards to investment, the group stated that it continues to invest at “record levels” across its asset base to increase capacity, with construction of the new Continental Products facility, based at Bury in Lancashire, being “well advanced and progressing to plan”.
The facility’s completion is expected in the first half of the next financial year; when finished, it will consolidate production from Cranswick’s two existing Continental Products facilities, lift capacity by approximately 70%, add new capability and drive efficiency improvements on existing product ranges.
What’s more, plans for the new primary poultry facility in Eye, Suffolk, also continued to be developed, with construction expected to begin in the first quarter of the next financial year.
The facility, scheduled for completion in late 2019, will double existing capacity with further room for expansion, incorporating what the company described as the “highest animal welfare standards and latest generation production techniques and equipment to drive operational efficiency gains”.
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