Food & drink sector targets growth and investment

Posted on 23 Feb 2016 by Jonny Williamson
Manufacturers Cox and Plant Products, a manufacturer of conveying systems for major processing plants has plans to increase sales to £3m within 12 months and ambitious targets to more than double that figure by 2018.

Rising business confidence, product innovation and investment in automation is boosting the profile of the UK’s food & drink sector, according to a new report published this week by accountancy and business advisory firm, BDO LLP.

BDO’s Food & Drink Report 2016, in association with the Institution of Mechanical Engineers, found that 79% of those surveyed are positive about the future of the industry, with 86% of firms expecting revenue growth of up to 20% in the next year. BDO and the IMechE’s Food & Drink Report…

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