Published Monday, 07 July 2014
The new jobs will be created over a four-year period and will be based across three sites in Dungannon, Craigavon and Ballymena.
The investment by Moy Park, part of the Marfrig Group, will include additional processing lines and the establishment of an Innovation Centre, which will drive new product development, as well as financial services - a new role for the Craigavon site.
The new jobs, 100 of which are already in place, include roles in management, supervisory, processing and financial shared services. Seventy high-value posts will be based in the new Innovation Centre.
Making the announcement on Monday, Enterprise Minister Arlene Foster said: "This investment, which will mean a £10.5m increase in wages and salaries annually for the local economy, is a huge boost of confidence in Northern Ireland as a European food production and manufacturing centre of excellence by a world leading company.
"The expansion will further enhance Moy Park's contribution to the local economy by enabling the business to achieve a substantial growth in sales, mostly to customers outside Northern Ireland, by 2018."
We have been able to demonstrate to international investors like Marfrig that we will work with them to ensure Northern Ireland is the right European location to successful grow their business.
Enterprise Minister Arlene Foster
Invest Northern Ireland is providing financial assistance of £9.5m towards the expansion.
Marfrig Global Foods CEO, Sergio Rial added: "We are committed to growing our operations in Northern Ireland and this investment, with support from Invest Northern Ireland, helps us to achieve that. We have had ongoing, positive engagement with the Northern Ireland Executive and have experienced a very pro-business attitude."
Speaking on what this investment will mean for Moy Park, Janet McCollum Moy Park CEO commented: "Moy Park started as a small farming company in 1943 and has grown into a top UK business with a £1.5bn turnover.
"We continue to have big ambitions and this investment will allow us to further grow our operations and create new jobs in Northern Ireland."
SDLP Mid Ulster MLA and chair of the assembly enterprise committee, Patsy McGlone has welcomed the jobs news.
"It is fantastic to see such a substantial investment in the local economy and, for that, Moy Park is to be congratulated," he said.
"I know many farmers, suppliers and workers who will welcome this investment as more work for them and the potential that it brings for expansion of their business too."
Sinn Féin Upper Bann MLA John O'Dowd also welcomed the investment.
"Earlier this year the chief executive of Marfrig, Marcus Molina, visited Moy Park [in Craigavon] alongside deputy First Minister Martin McGuinness and First Minister Peter Robinson and this latest announcement is evidence of the company's ongoing commitment to the area," he said.
"This is an area which has been badly hit by the economic downturn so this boost of 628 jobs is particularly welcome."
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