UK food group Northern Foods has plans to build a GBP40m (US$60m) manufacturing facility for its Fox’s biscuit brand.
A planning application for the site, either as an extension to its Uttoxeter facility or a new build on the company’s Batley, West Yorkshire site, was submitted in December.
A Northern spokesman said it is not yet definite whether the expansion or new build will go ahead but if so, “only one will happen”.
The company is expected to make a decision in March or April when the results of the planning application are received.
Asked whether the build was a wise decision in the current economic environment, Hanson said: “Yes, we recognise the current financial situation and we view this as something we have to do in order to sustain the long-term business of the Fox’s brand.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Biscuits is a very competitive business and we have really improved the performance of our biscuit brand in the last few years but in order to maintain a competitive position, we need to improve this going forward.”
In November, Northern posted a 16% drop in six-month pre-tax profits, which the company put down to the impact of the stronger euro on the company’s Irish manufacturing base. As a result, profit from operations fell from GBP5.5m to GBP3.7m.