Meat Industry Ireland (MII) has welcomed the opening of the €100m factory fund, highlighting its importance to the processing sector as it adapts to a new trading environment post-Brexit.

MII has said the fund will be used in building resilience and competitiveness of the meat processing business as it seeks to develop new international markets.

Enhanced sustainability

Director of MII Cormac Healy welcomed the fund as 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.

Irish meat has strong environmental credentials amongst international competition

“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.”

Healy said new product development and market offerings will also be a focus of the investment.

“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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