Tegel exports to fly with new $20m line
A new $20 million production line for Tegel Foods, opened today by Prime Minister John Key, has created 300 jobs.
Tegel chief executive Andrew Stevens says the company invested $20 million on the third processing line at its Henderson plant to make the likes of tempura battered nuggets, take outs and cuisine ranges.
“Export sales of Tegel’s fully-cooked, value-added chicken products have doubled in the past two years and the new line will allow us to meet growth opportunities in Australia, Japan and beyond," he says.
"Three hundred and fifty tonnes of chicken will be processed each week through the plant, with international sales on track to exceed $100 million in the next 12 months.”
Export growth has boosted Tegel's staff numbers to 2000 from 1550 early last year.
Through a series of subsidiaries, the company is 83.5% owned by Singapore-based Claris Investments Pte, which bought into the company last year after Overseas Investment Office approval.
Previous owners include Pacific Equity Partners and HJ Heinz.