2Agriculture to construct state-of-the-art feed mill in 2020

2Agriculture, a subsidiary of U.K. poultry company 2 Sisters Food Group, is planning to build a $26 million (GBP20 million) feed mill that could create 50 new jobs.

hurricanehank | Bigstock.com
hurricanehank | Bigstock.com

2Agriculture, a subsidiary of U.K. poultry company 2 Sisters Food Group, is planning to build a $26 million (GBP20 million) feed mill that could create 50 new jobs, including skilled jobs and heavy goods vehicle drivers, plus office-based administrative and managerial staff.

The company plans on the mill being on a five-acre area in the Port of Rosyth, Scotland. When finished, it will stand about 134 feet tall.

“It would be the most technically advanced unit of its kind in the U.K., capable of producing 300,000 tons of poultry feed a year,” the Courier & Advertiser reported. The company plans to start building in 2020 after plans are finalized and approved.

2Agriculture’s managing director Gavin Berry told the Courier: “Rosyth is almost the perfect location for a new mill as the majority of our customers are in Fife, Kinross, Clackmannanshire and West Lothian.” He also said the location is ideal in terms of road conditions and access.

“Rosyth was chosen as we looked at the distances between all our farms, our customer base – as we supply commercial poultry farms – to find where would be the best place to reduce haulage and minimize our carbon footprint as much as possible,” Berry said in a Dunfermline Press report.

The Courier report said the project is expected to take about 18 months to build and the mill will open in 2021.

2 Sisters parent Boparan Holdings reduces net debt

Development from a subsidiary of 2 Sisters may surprise some, as recent reports have explained that its parent company, Boparan Holdings, is working on reducing its debt.

Boparan Holdings is actively carrying out a turnaround initiative to regain profitability, and it showed progress in those efforts as it narrowed its net debt during the first quarter of its 2018-19 fiscal year.

For the period, which concluded on Oct. 27, 2018, the company reported a net debt of GBP673.1 million (US$852 million), an improvement of more than 18 percent, when compared with the same quarter of the 2017-18 fiscal year.

“We have made it clear that the size of the turnaround challenge is substantial, and to achieve success on this scale will take time. We have diagnosed the fundamental operational issues and the management team know what levers to pull to drive change through the organization,” Ronald Kers, CEO of 2 Sisters Food Group, said in a press release.

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