ABF: Australian meat factory progressing

Associated British Foods (ABF), the company behind a clutch of branded food products, has revealed that the development of its Australian meat factory is progressing well.

The listed company, which also owns Kingsmill bread and the clothes retailer Primark, embarked on developmment in Castlemaine in Victoria in 2008, following the acquistion of rival KR Castlemaine.

As a result of its purchase of its Australian rival, ABF shut two factories in Perth and Melbourne. KR Castlemaine supplies branded pork products to the Australian retail market.

ABF also revealed in an interim management statement to the stock exchange that revenue in the 16 weeks to 8 January 2011 had increased by 10%, or 7% at a constant exchange rate, and that it was trading in line with expectations.

>> ABF passes on price hikes


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