Business World

Wednesday 21 February 2018

Moy Park sales rise

Moy Park Ltd. Chief Executive Officer Janet McCollum
Moy Park Ltd. Chief Executive Officer Janet McCollum

Food company Moy Park said sales increased 10pc to £1.2bn (€1.5bn) last year while pre-tax profit rose to £33.8m.

Moy Park, headquartered in Northern Ireland, is the European division of Marfrig Global Foods, one of the world's largest and most diverse food companies. The company specialises in fresh, high quality, locally farmed poultry and complementary convenience foods. Moy Park is a significant employer with over 11,500 people working across 16 production sites in the UK, Ireland, Holland and France.

TECH FIRM POCKETS WIN

Pocket Anatomy, a start-up based in NUI Galway's incubation centre has won the 'Boost' start-up competition at The Next Web Conference in Amsterdam.

Pocket Anatomy, from nearly 100 entrants, was one of 10 selected to attend the conference in Amsterdam, which is attended by over 2,500 web and technology and leaders. "It's fantastic that Ireland is punching above its weight in the healthcare and medical innovation space," said Dr John Breslin from NUI Galway, an adviser to Pocket Anatomy, after the win.

MINING FIRM IS UPBEAT

Ormonde Mining said its flagship Barruecopardo tungsten project in Salamanca in Spain has confirmed an independent review of the tungsten market by Tungsten Market Research indicating continued strong growth in demand and a rising tungsten price between now and 2018.

The company added that recent talks between Ormonde and the local Spanish authorities re-confirms that the documentation for the mining concession is in its final stages. The firm said, however, that it now expects to get a permit in late June or July which is later than had been previously anticipated.

MERC RECALLS 284,000

Mercedes is recalling about 284,000 of its C-Class cars in the US and Canada because an electrical issue could cause the tail lights to dim or fail, according to the company and documents filed with US safety regulators.

Mercedes, a unit of Germany's Daimler, is recalling certain C300, C350 and C63 cars from model years 2008 through 2011 as a poor electrical ground connection could cause the tail lights to dim or fail, raising the risk of a crash, according to documents filed with the US National Highway Traffic Safety Administration.

Irish Independent

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