Belgian food group Vandemoortele says it is planning to invest over E90m in extra capacity this year, with expansion into central and eastern Europe a priority.
The supplier, which has UK premises in Liverpool, Kettering, Worcester and Hounslow, recorded net profits up 30% to E35m in 2005. Turnover also rose by 7% to E857m.
“We are providing for more growth in 2006 and aiming for a record peak turnover of E900m,” said Jean Vandemoortele, president of the Vandemoortele Group Executive Committee.
Vandemoortele’s sales of soya products last year amounted to E232m, margarines and fats E346m and frozen dough products E237m.
Vandemoortele is sponsoring Baker of the Year at the Baking Industry Awards 2006.