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Hilton to construct new facility in Queensland

By BFN News | 07:47 AM | Tuesday 06 December, 2016


Hilton Food Group is to proceed with plans to expand its packing capability in Australia, by constructing a new meat processing facility in Queensland, in order to supply Woolworths Ltd, the leading Australian retailer. The development is subject to identifying and acquiring the site, government approvals and the negotiation and finalisation of construction and tenure agreements. It is proposed that Hilton's Australian subsidiary, Hilton Foods Australia, will finance the new food packing facility, with current target for the commencement of production of 2020. The new facility will be capable of supplying Woolworths stores in Queensland and adjacent areas of New South Wales, with a range of beef, lamb, pork and added value products. It is expected that Hilton's investment in plant and equipment will be approximately A$115m. Story provided by StockMarketWire.com

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