Hilton Food Group PLC Queensland Processing Facility for Woolworths Ltd. (0237R)
06 December 2016 - 6:00PM
UK Regulatory
TIDMHFG
RNS Number : 0237R
Hilton Food Group PLC
06 December 2016
6 December 2016
Hilton Food Group plc
("Hilton" or the "Group")
Queensland Processing Facility for Woolworths Ltd.
Hilton Food Group plc ("Hilton") announces that it is to proceed
with plans to expand its packing capability in Australia, by
constructing a new meat processing facility in Queensland, in order
to supply Woolworths Ltd, the leading Australian retailer.
The development is subject to identifying and acquiring the
site, government approvals and the negotiation and finalisation of
construction and tenure agreements. It is proposed that Hilton's
Australian subsidiary, Hilton Foods Australia, will finance the new
food packing facility, with current target for the commencement of
production of 2020. The new facility will be capable of supplying
Woolworths stores in Queensland and adjacent areas of New South
Wales, with a range of beef, lamb, pork and added value products.
It is expected that Hilton's investment in plant and equipment will
be approximately AUS $ 115 m.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Enquiries:
Hilton Food Group plc Tel: +44 (0)1480 387214
Robert Watson OBE, Chief Executive
Nigel Majewski, Chief Financial Officer
Citigate Dewe Rogerson Tel: +44 (0)207638 9571
Louise Mason
Ellen Wilton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 06, 2016 02:00 ET (07:00 GMT)
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