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Princes completes £40m redevelopment project

Princes completes £40m redevelopment project

Food and drink group Princes has completed a two-year redevelopment project at is Bradford soft drinks factory.

The £40 million scheme was aimed at increasing capacity and improving production capabilities and the firm has believed that this has been achieved. Princes stated that its site has been boosted with the addition of a new 2,880 sq m warehouse which will be used to store soft drinks before they are shipped to retailers across the UK. The move helps to reduce the risk of damage and lower the number of trucks on the road.

Princes is primarily focused on tinned goods with the company having a range of canned pies, canned tuna, ham, corned beef, hot dogs and other meats. However, it also boasts numerous fruit juices and chilled juice drinks and the company has been looking to improve its offering to customers in this area.

As part of the £40 million investment, Princes has introduced a new central syrup manufacturing facility for blending ingredients used in squashes and fizzy soft drinks. The company also announced the introduction of a new effluent treatment plant to ensure that it is having a much more sustainable operation.

Ruth Simpson, corporate relations director at Princes, said: “This investment reflects Princes’ commitment to ensuring all of our sites make efficient use of the resources available and reduce waste. It ensures that the Bradford site maintains its status as one of the leading soft drinks production sites in the UK.”

Princes has enjoyed some positive results of late after its latest accounts, posted in December 2013, showed record sales of £1.74 billion in the year to March 31st 2013. The Japanese firms saw sales grow by 15 per cent over the course of the year generating a post-tax profit of £40.4 million, a significant improvement on the £31.1 million achieved in 2012.

 

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