FDBusiness.com

The Scottish Salmon Company Reveals £40 Million Expansion Plans

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

The Scottish Salmon Company Reveals £40 Million Expansion Plans

The Scottish Salmon Company Reveals £40 Million Expansion Plans
February 15
12:19 2012

The Scottish Salmon Company has unveiled plans to invest over £40 million to expand its business over the next five years, resulting in the creation of over 100 jobs across the West Coast and islands of Scotland. The Scottish based and operated salmon farming company’s five-year development plan envisages establishing ten new farm sites, increasing farming capacity and developing its harvesting, processing and freshwater operations.

The fully-integrated seafood currently operates from over 50 sites and in 2010 it reported an annual turnover of £92.4 million. In the past two years, the company has more than doubled staff numbers from 160 to 380 and invested £30 million on developments such as refurbishing the Marybank processing facility, acquiring West Minch Salmon, developing new sites and upgrading existing sites. Last year, the company reported it had produced 24,000 tonnes of salmon. Its ambition is to increase this number to 40,000 tonnes in 2016.

“The Scottish Salmon Company produces premium, fresh Scottish salmon with strong and growing demand in the marketplace. To satisfy this, we require to develop our farming and processing capability,” comments Stewart McLelland, chief executive of The Scottish Salmon Company. “People are key to our vision for expansion. We are keen to bring talent into our business, developing skills, and experience to support our growth plans and that of the overall industry.”

He continues: “We are committed to the communities and economies in which we work and understand the real benefit that developing business and providing employment has in these rural locations.”

Around half the jobs are planned for the Western Isles, with the others in the company’s operational areas throughout the Highlands and Argyll and Bute. The Scottish Salmon Company is currently in the process of scoping, consulting on and lodging planning applications for new fish farming sites.

An infrastructure investment of between £1.5 million and £2 million would be required to develop each of the sites. All sites will be developed to the RSPCA’s ‘Freedom Food’ standard, which governs farming principles such as the stocking density, fish welfare and harvest.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements