A buyer credit guarantee from Denmark's Export and Investment Fund (EIFO) will help strengthen sales of "Danish Bacon" and Danish quality meat in England.
EIFO provides a buyer credit guarantee of half a billion DKK for Danish Crown's largest investment in England to date. Danske Bank has provided the loan based on the buyer's credit guarantee from EIFO.
The guarantee helps ensure the establishment of a new processing plant in Rochdale near Manchester. Danish Crown leases an existing facility, and operations will begin in stages. The factory is expected to be up to full capacity by the summer of 2024.
The facility will exclusively receive Danish pork from Danish Crown abattoirs in Denmark. Whole sides of bacon are salted and smoked in Denmark, after which they are transported to the new facility. When the facility receives the 4-5 kilogram bacon sides from the Danish abattoirs, they are sliced, packaged and distributed.
The plant is modern and highly automated and will have a capacity of up to 720 tonnes of bacon and 200 tonnes of gammon (salted ham cut into slices) per week. In other words, Danish Crown gains control over the entire value chain from the Danish farmer to the British supermarkets. The plant will also save 764 tonnes of CO2 emissions per year.
