Business / Companies
Pig production to increase by 28%
06 Mar 2015 at 04:17hrs | Views
Colcom Holdings Limited has indicated that pig production will grow by 28 % by July after experiencing a 1% drop in the year ending December 31.
The firms said its Tripple C Farms delivered 28 936 pigs yielding 2,213 tons of pork representing a 1% decline over the prior year.
"The decline in number of pigs was expected due to a strategy of holding back cull numbers to stock an auxiliary pig production facility'
"The additional pig supply from this facility is expected to come on line in July 2015 and will increase the Groups production capacity by approximately 28 %" the firm said in its financial statement.
Revenue for the period under review of $33 702 was marginally under that recorded in the comparative period with Colcom Foods reporting a 4% decline whilst the Associated meat Packers (AMP) subsidiary achieved a 55 growth over the same period.
In terms of volumes, the group experienced an overall decline of 6% in tons of product sold with Colcom Foods showing 12% and AMP achiving a 3% growth over the prior period.
"Within Colcom Foods the decline in volumes was primarily as an increase in the volume of processed products sold. Volumes have been affected by a lack of availability of fresh pork as compared to the previous period. Poor supply of beef in November and December affected AMP operations in the period."
The firms said its Tripple C Farms delivered 28 936 pigs yielding 2,213 tons of pork representing a 1% decline over the prior year.
"The decline in number of pigs was expected due to a strategy of holding back cull numbers to stock an auxiliary pig production facility'
Revenue for the period under review of $33 702 was marginally under that recorded in the comparative period with Colcom Foods reporting a 4% decline whilst the Associated meat Packers (AMP) subsidiary achieved a 55 growth over the same period.
In terms of volumes, the group experienced an overall decline of 6% in tons of product sold with Colcom Foods showing 12% and AMP achiving a 3% growth over the prior period.
"Within Colcom Foods the decline in volumes was primarily as an increase in the volume of processed products sold. Volumes have been affected by a lack of availability of fresh pork as compared to the previous period. Poor supply of beef in November and December affected AMP operations in the period."
Source - Byo24News
