Swiss meat processing company Bell Group is to replace an existing pork plant with a new facility.
The new site will be built in Oensingen, where Bell already has a plant, and will replace another facility in Basel, which the company said is “approaching the end of its useful life expectancy”.
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“The proximity of the new plant to the existing Bell fresh meat centre will provide synergy benefits,” the company said. “The land has already been redesignated as an industrial zone. The location in Switzerland’s central plateau offers ideal transport connections and will provide a range of synergy benefits from working with Bell’s neighbouring fresh meat centre.”
Bell wants the plant to be up and running by 2015/2016. Financial details of the purchase were not disclosed.
Last week, Bell indicated it expects to see a “moderate” rise in revenue over the coming 12 months, as it booked a mixed set of results for 2011.
The firm’s sales slid 3.8% to CHF2.52bn (US$2.74bn) in 2011. However, the company emphasised that when the impact of discontinued businesses and currency translation were stripped out, sales actually rose by 1.8% in the period, while sales volumes were up 1.9%.
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By GlobalDataAnnual profit excluding consolidation and one-off costs increased by 11% to CHF71.6m, Bell said. However, EBITDA dropped 4% to CHF204.2m.
