Moy Park to create over 600 new jobs: Brazilian-owned meat processor in £170 million expansion
Firm to add to its workforce across three sites
Moy Park is to create 628 new jobs as part of a £170 million expansion.
The Craigavon-based poultry firm - which is owned by Brazilian food giant Marfrig - is to create the new posts across three sites, that also include Dungannon and Ballymena.
It's one of the biggest job announcements in Northern Ireland this year.
The new jobs will be created over the next four years.
The expansion is set to include processing lines and a so-called 'Innovation Centre' - aimed at driving "new product development" as well as financial services.
It's understood 100 of the new jobs are already in place, with roles across a range of areas including management, supervisory and processing.
Moy Park currently boasts a workforce of over 5,500 people across its Northern Ireland factories - and is the region's largest company.
It employs a total of 11,500 across the UK and Europe.
In its most recent results Moy Park had £33.8m in pre-tax profits on £1.2bn turnover.
The firm was thrust into the global spotlight this summer as one of this year's World Cup sponsors - its owners Marfrig headquartered in Sao Paulo.
Last month Moy Park raised £200 million on the European bond market - achieving another first for a business in Northern Ireland.
Parent company Marfrig revealed the money-making move in an announcement to the Brazilian stock exchange.
Earlier this year Moy Park made Northern Ireland corporate history, as the first number one company with a woman in charge.
Janet McCollum took over at the helm in January - making her one of the few women to head up top firms in Northern Ireland.
Speaking today she said the firm continued to have "big ambitions".
Marfrig chief executive, Sergio Rial, said the firm was "committed to growing our operations in Northern Ireland".
"We have had ongoing, positive engagement with the Northern Ireland Executive and have experienced a very pro-business attitude," he said.
Invest NI is also putting up £9.5 million towards the overall expansion.
Enterprise Minister Arlene Foster said the expansion would bring an additional £10.5 million in wages and salaries annually for the Northern Ireland economy.
"The expansion will further enhance Moy Park's contribution to the local economy by enabling the business to achieve a substantial growth in sales, mostly to customers outside Northern Ireland, by 2018," she said
Belfast Telegraph Digital