ForFarmers to invest £10m in Exeter feed mill redevelopment‏

Mary Youlden
Authored by Mary Youlden
Posted Friday, August 28, 2015 - 1:05pm

ForFarmers has today announced plans to build a new manufacturing facility on its Exeter site.

The new facility will replace the current facility on Sowton Industrial Estate, and will create one of the largest, most efficient feed mills in the UK and the largest in the South West.

Iain Gardner COO ForFarmers UK said “Our customers will benefit from a state of the art production facility second to none in the UK which will produce products with superior product quality and with a new level of efficiency within the UK industry.

"We intend to combine the current Exeter blend plant and compound mill to create a high-capacity multi-species production facility with the capability to manufacture up to 300,000 tonnes per annum (current capacity 150,000 tonnes).

"Having introduced tanker delivery vehicles to the UK allowing safer, quieter, and more product friendly delivery this investment will allow their increased use and so we will also be expanding this fleet of vehicles.”

"This project will also result in a step change in feed safety and staff welfare and provide sustainability benefits due to improved energy efficiency.

"This is a major investment in the South West of the UK and re-affirms the support to our customer base in this area.

"Furthermore it represents another significant investment in the UK industry by ForFarmers and so once again demonstrates our long term commitment to our UK business and UK agriculture."

The new facility, which is subject to planning pemission, represents an investment in excess of £10m and will take up to 18 months to complete.

Such investment shows that agricultural firms remain good stocks to buy for the long term as they have proved to be a stable, reliable choice for consistent income and growth.

For most investing online through sites such as TradeTime is the cheapest and easiest way to buy shares, making the whole process of stock market investing very simple. Anyone with enough spare cash can invest in shares using an online broker, the key to success is to approach investing with careful, informed judgement.

Share this