FDBusiness.com

Quorn Foods to Invest £150 Million in UK Facility

 Breaking News
  • Campbell Soup Company CEO Retires US food group Campbell Soup Company has announced that Denise Morrison, President and Chief Executive Officer, has chosen to retire with immediate effect. Keith McLoughlin, a Campbell Board member since 2016, has been named interim CEO and will also remain a member of the Board to facilitate an orderly transition in management while recently elevated [...]...
  • Valio Establishes New Business Units in China Valio, the Finnish dairy co-operative, is stepping up its activities in China with the opening of a new head office in Shanghai. The newly established head office will focus on serving the Chinese market. Besides the Ingredient business units, Valio China has also established the new business units of Retail and Food Service. According to Euromonitor [...]...
  • Nestlé Launches Global Initiative to Help Children Lead Healthier Lives Nestlé has announced its global ‘Nestlé for Healthier Kids’ initiative. The program includes the further development of healthier products and advice for families on nutrition and exercise. It aims at helping 50 million children lead healthier lives by 2030. Since its foundation, Nestlé has been committed to helping parents and caregivers provide the right nutrition to their children. [...]...
  • Dunnes Stores Simply Better Collection Recognised at International Excellence Awards Dunnes Stores’ Simply Better Collection will be presented with five prestigious accolades at the Private Label Manufacturers Association (PLMA’s) 2018 International Salute To Excellence Awards, taking place later this month in Amsterdam. This is the third year in a row that the Dunnes Stores Simply Better Collection has been recognised for excellence at the PLMAs, last year [...]...
  • CHEP Enables Highland Spring Group to Achieve Substantial Environmental Savings Highland Spring Group, the UK’s largest supplier and producer of natural source bottled water, is enjoying significant environmental savings thanks to the use of CHEP’s pooled pallets within its supply chain. Last year, the owner of brands such as Highland Spring, Speyside Glenlivet and Hydr8, signed a three-year contract renewal with CHEP, the supply chain [...]...

Quorn Foods to Invest £150 Million in UK Facility

Quorn Foods to Invest £150 Million in UK Facility
July 25
12:02 2017

Quorn Foods, the UK-based meat alternative grocery brand, has announced a £150 million investment in its production facility at Billingham in Northern England, leading to the creation of hundreds of jobs in the Teesside and North Yorkshire regions over the next five years. The £150 million investment will make the company’s Billingham plant the largest of its kind in the world.

Quorn was launched in 1985 by Marlow Foods and is owned by Monde Nissan Corporation of Japan. The company currently employees 650 people and exports to 15 countries around the world, including the USA, South Africa, Australia, Holland and Switzerland.

Kevin Brennan, chief executive of Quorn Foods.

The investment announcement follows unprecedented interim results from Quorn Foods, which achieved 15% growth in the UK market in the first half of this year, with an overall growth rate of 19% globally. The sustainable and healthy protein product, which is exported globally, is expected to become a billion dollar brand by 2027.

“We are proud to be contributing to the UK’s export drive and to be investing in a British innovation that is vital to addressing the future need for protein across a growing global population,” says Kevin Brennan, chief executive of Quorn Foods. “Our growth will continue as expected, regardless of the Brexit deal that is reached. In fact the investment is indicative of our confidence in becoming a billion dollar brand in the next 10 years.”

Growth has been strong in the EU, where Quorn Foods continues to invest. The company has however, driven aggressively outside the EU. The US business is up 40%, Australia 35% and Asia, a new market for Quorn Foods, is also succeeding.

The company’s billion dollar potential is rooted in the fact that a ‘flexitarian’ diet is not merely a trend or food fad, but a genuine move to reduce the over consumption of meat and instead choose foods including protein sources that are healthier for you and for the planet. The global population is in desperate need of protein sources that are healthy and sustainable. Quorn Foods is a business that is meeting the needs of a growing demographic who are switching to alternative sources of protein to meat for health or environmental reasons.

Quorn uses Mycoprotein which is low in saturated fat and produces fewer GHG emissions; in fact Quorn mince contains 90% less saturated fat than a meat spaghetti bolognese and 90% lower GHG emissions than beef.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • May 21, 2018London Int'l Wine Fair
  • May 22, 2018European Coffee Expo
  • June 1, 2018Gluten Free Expo Slovakia
  • June 3, 2018Vinoble
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements