Retail meat-packing company Hilton Food Group has announced that it is investing €33 million (NZ $54 million) in a new facility in New Zealand.
The company plans to construct the new meat-processing factory in Auckland, in order to supply Progressive Enterprises, which operates the country’s Countdown Supermarkets.
Production
The facility will manufacture a range of beef, lamb, pork and chicken products for Progressive’s store network.
The company says that its newly formed subsidiary, Hilton Foods New Zealand, will be financing the food-packing facility, with the aim of commencing production by 2020.
Last month, Hilton reported revenue growth of 9.3% in the first half of 2017, saying that it was continuing with a number of expansion plans.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
