Finnebrogue announces £2.8m expansion of its vegan food factory
A £2.8 million investment has been announced by County Down food producer Finnebrogue as part of the plan to upgrade its plant-based food factory.
The supplier provides both plant-based and meat products to major UK retailers, and is known for its sausages, wagyu burgers and nitrite-free Naked Bacon, which was the first of its kind on the UK market.
Finnebrogue has installed 2,846 solar panels onto the roof of its plant-based food factory. Other investments include an expanded car park and infrastructure around the site which will aim to accommodate growth in the future. The panels are set to be integrated in July 2023, while the rest of the infrastructure changes will be completed by the end of the year.
“Our latest investment… will reduce our carbon emissions, deliver additional energy security and provide us with additional room to grow.”Jago Pearson
Commenting on the announcement, Finnebrogue’s chief strategy officer Jago Pearson said: “As we continue on our growth trajectory in the plant-based sector and across the other categories in which we play, we also continue to invest in our people and our facilities. We are privileged to have four outstanding food production facilities in County Down, the oldest being just eight years old, but we are always seeking ways in which we can make improvements so we can make more food the best it can possibly be.
“Our latest investment in our industry-leading plant-based facility will reduce our carbon emissions, deliver additional energy security and provide us with additional room to grow.
“We are particularly confident about the increasingly significant role we can play in the plant-based category in the years to come, our output having grown threefold in two years and our development teams working intensively on the agenda-setting innovation that has always been the foundations of our success.”
Finnebrogue said that it aims to grow its revenue to over £200 million in 2023, and states that it is likely to happen before the end of the year. 2022 saw the company revenue finish at a total of £188 million, so the projected 2023 revenue is an increase of at least £12 million.