FRANCE: Ex-Gad managers plan to re-start shut pork plant
Gad closed the plant in Brittany last year
Seven former managers of French pork processor Gad have unveiled plans to re-start the company's abattoir in Lampaul Guimiliau, which was closed last year.
A spokesperson for the project, Hervé Roumeur, previously Gad's purchasing manager, said less than EUR10m would be required to resume production at the plant in Brittany.
Once underway, output could reach 9,500 pigs per week with the creation of 250 jobs.
The French state and Brittany's regional government authority have reacted positively to the project. However, before considering the possibility of subsidies they have asked Deloitte to investigate whether it is viable and to evaluate the impact it could have on existing production. The findings are expected in a few weeks.
Gad's parent company, co-operative Cecab, which owns the abattoir, has declined to comment on the project but has previously argued that any move to introduce new capacity would destabilise the pork processing sector in the region which reported losses of EUR100m in 2013.
- Analysis: Is Heinz, Kraft merger "a growth story"?
- The challenges awaiting ConAgra's new CEO
- Focus: Can Mars gain share in Indian chocolate?
- M&A Watch: Who could be on 3G Capital's radar?
- Why Kraft-Heinz merger could herald more deals
- UPDATE: Heinz, Kraft strike merger agreement
- Fatal explosion at French desserts firm Senagral
- Infographic: Heinz, Kraft unveil combined business
- Buffett: Kraft Heinz to withstand health focus
- ConAgra confirms another private-label charge