Fane Valley move will create jobs
A Major agri-food business is investing £18m in an animal feeds plant in Co Tyrone.
The Fane Valley Group is moving an operation from the centre of Omagh to a new mill on the Doogary West Industrial Estate outside the town.
The site was the premises of Scott Feeds, which Fane Valley acquired in 2000.
The mill is billed as one of the most advanced plants of its kind and is expected to bring both energy and environmental efficiencies when it opens in the summer.
Trevor Lockhart, chief executive of Fane Valley Group, said: “Ulster Bank has been a steadfast source of support for the group and has had the foresight to see the importance of this investment for both ourselves and the local farming community.
“We look forward to opening the new facility later this year and it will form a key part of our future growth plans.”
The company said the new plant would secure jobs in Omagh “for the foreseeable future” while a new agricultural shop on the premises would also create new jobs.
Nial Douglas, senior business manager for Ulster Bank, which backed the project, said: “This is an important investment by the group, which will significantly increase operating capacity of Fane Valley Feeds, allowing them to continue their growth in Northern Ireland's highly competitive animal feed sector.
“We have a strong relationship with Fane Valley, going back many years, and are very pleased to help support the continuing success of the group, which employs more than 1,500 people and is owned by some 1,900 members of the local farming community.”