October 7, 2010
Fane Valley unveils US$28.58-million animal feed mill
Farming co-operative Fane Valley has opened a GBP18-million (US$28.58-million) animal feed mill in Northern Ireland's County Tyrone.
The mill at Bankmore Industrial Estate outside Omagh was opened by Fane Valley chairman William McConnell, who said it was the result of a six-year development and construction project by the farmer-owned group.
"This development will allow Fane Valley to significantly increase its feed compounding capacity, thereby meeting the needs of our growing customer base throughout Northern Ireland and the Republic of Ireland. The investment has also safeguarded the 40-plus jobs at the former Fane Valley (Scotts) mill in Omagh," Mr McConnell said.
The company said the facility was the most modern of its kind in Europe and had the best technology for feed milling.
Chief executive Trevor Lockhart said the facility was a "win-win scenario for Omagh".
"It represents both a significant investment boost for the town and it will help to improve the area. The new plant will be multi-species in nature and have an annual compounding capacity of 300,000 tonnes," said Lockhart.