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Greggs to invest $56m in new manufacturing facility

11-Oct-2012

 The UK’s leading bakery retailer Greggs has announced plans to invest $56m (£35m) in a new manufacturing facility for savory production.

Its $48-56m investment on the new savory facility in the South of England is set to commence in mid-2013.

The new site could push 2-3% growth in the savory sector of its business, Greggs said, while also offering logistical benefits and easing potential capacity constraints of its existing facility.

This announced investment comes at a time when the business said it is continuing to struggle in the ‘challenging’ UK environment where consumers are continuing to but on promotions.