MII welcomes the Capital Investment Programme for food processing

Investment important to advancing product and market diversification

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Meat Industry Ireland (MII), the Ibec sector association representing the meat processing industry in Ireland, has welcomed the opening of a €100 million capital investment programme for primary food processing.

The process is an important step in the response to the new post-Brexit trading environment and in building the resilience and competitiveness of the meat processing and export business as it seeks to break into and develop new international markets.

A modern, high performance, internationally competitive processing industry in Ireland is essential to advancing the sector’s international market diversification strategy.  This is equally important to optimising market returns which is key to delivering the best return for raw materials at farm level. New investment is important to the 16,000 jobs in meat processing and many thousands more in linked employment. Product and market diversification requires major capital investment.

Cormac Healy, director of Meat Industry Ireland said: “Investment is a vote of confidence and demonstration of ambition for the future. While we will continue to work to retain the place of Irish meat in the UK supply chain, Irish meat processors are focussed on diversifying our export market portfolio, wherever possible in European markets, but the major potential for growth and diversification exists in international markets.  Processing, packing, refrigeration and logistics for supplying international markets across the globe require significant new investment in capability and competitiveness.

“New product development and market offerings will also be a focus of investment. Sustainably produced and processed quality Irish meat will be central to success. Irish meat has strong environmental credentials amongst international competition. This is a good point of departure but the focus of new investment projects will be measured against delivering enhanced sustainability.”

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