A three-year investment programme worth the equivalent of more than £130 million has been announced by the France-based Terrena cooperative, with the money to be spent on both domestic and export developments in support of its Galliance poultry division.
Galliance, which is the new name for Terrena’s recently merged Gastronome and Doux businesses, is a €1.3 billion (£1.15bn) operation which employs 6,000 workers and handles the production of more than 1400 French poultry farmers.
“At a particularly difficult for agriculture, we want to invest to provide sustainable business opportunities for our producers,” said Terrena’s president, Hubert Garaud, adding that the investment will be spread evenly over the next three years.
“We want to build through innovation and quality, creating value for the French poultry industry and defending the position of French poultry producers in both the European and world marketplace.”
As part of the new programme, Terrena plans to invest in a new abattoir in Ancenis, which is located in the Loire-Atlantique Department in western France. The cooperative is also committed to increasing its spending on research and development and the strengthening of brand recognition for its Père Dodu poultry range.