Moy Park is Northern Ireland’s most profitable food processor
Poultry processor Moy Park is Northern Ireland’s most profitable food processor according to a major survey of local businesses.
The company, which is headquartered at Craigavon in county Armagh, is placed fifth in the list of Northern Ireland’s most profitable businesses in the survey by Business Eye magazine and sponsored by Danske Bank.
Moy Park follows Danske Bank, the most profitable, another bank, AIB(UK), Belfast Harbour and Ulster Bank in the list.
Moy Park saw pre–tax profits rise to almost £60 million at the end of 2016 from £35 million the year before.
The processor, now owned by Pilgrim’s Pride in the US, is Northern Ireland’s only £1 billion plus manufacturing business.
It employs almost 10,000 people and exports poultry to key international markets.
Other meat companies listed in the magazine’s Profit200 include Hilton Foods (UK), Dunbia and Foyle Foods.