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.
French agri-food co-operative Cecab has posted "stable" revenue for 2013, as the "good performance" of egg products and canned food helped partly offset tough trading conditions in the country's pork ...
- M&A Watch: Raisio should sell to private equity
- Briefing: Tokyo plans to double food exports
- Analysis: Market bets on higher Chiquita offer
- Briefing: Expansion agenda of Japan's food majors
- Spotlight: What could be impact of Russia's ban?
- Campbell Soup's Plum division to pull out of UK
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- UPDATE: Cutrale, Safra slam Chiquita rejection
- Japan's Sanyo takes stake in Olam's food biz