FDBusiness.com

Faccenda Foods Looking Beyond Challenging Markets

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Faccenda Foods Looking Beyond Challenging Markets

Faccenda Foods Looking Beyond Challenging Markets
January 25
10:52 2017

Faccenda Foods, one of the UK’s leading food companies, has filed annual results for the 2016 financial year that reflect a continuation of the previous year’s tough trading environment. While top line growth was broadly flat, from £526m to £523 million, operating profit reflected continued price deflation, at £7.7 million.

Despite the challenging market Faccenda has continued to invest throughout its supply chain, including new fresh despatch facilities in Brackley, a programme of biomass fuelled heating across its farming estate and continued investment in food safety, with a particular focus on tackling Campylobacter.

Andy Dawkins, managing director of Faccenda Foods.

Andy Dawkins, managing director of Faccenda Foods,says: “I don’t think it’s been an easy year for anyone in the industry. Export and wholesale prices are at historic lows, the market is as competitive as it has ever been, and these, combined with higher feed and fuel prices due to currency fluctuations, have unsurprisingly put pressure on our margins.”

However, Andy Dawkins is clear that despite the challenging competitive environment Faccenda had continued to invest strongly in its food businesses. “Competing in this market requires investment for the long term so that your supply chain is efficient, sustainable and fit for the future. This has been our approach when making investment decisions.”

He concludes: “It’s been a tough year but we’ve held up well. Our balance sheet remains strong and we are well positioned in growth markets. Regardless of the prevailing economic conditions some simple rules hold true: focus on your people, focus on your customers and focus on the long term. We’ll continue to do this and in the year ahead.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements