Partly Cloudy

Partly Cloudy

max temp: 22°C

min temp: 13°C

ESTD 1874 Search

Southwold: Adnams considers plans to increase brewing capacity

13:04 06 May 2014

The Adnams brewery in Southwold.

The Adnams brewery in Southwold.

Southwold-based Adnams is considering a “major project” to increase brewing capacity, amid signs that its strong trading performance during the second half of last year is continuing.

shares

The EDP/EADT Top100 company, which in March posted an operating profit of £3.3m for 2013, representing a significant turnaround after a 22% fall during the first half of the year, revealed it is considering further investment in its brewery at its annual meeting.

The company told shareholders that the improvement seen during the second half of last year had continued at the start of 2014, with beer sales remaining strong and its retail chain and hotels both performing ahead of 2013.

It cautioned that some of its pubs continued to find conditions “challenging”, with one having been sold at the start of the year and a number of others up for sale, and said “some small changes” were in progress within its shop estate.

“While the economic news has been much more positive over most of the last year, some caution is inevitable,” it said. “UK debt levels remain high and the eurozone continues to face substantial challenges.”

It added: “Nonetheless we will continue to invest for the future and are currently considering a major project to enhance our brewing capacity and flexibility.”

Adnams increased brewing capacity at Southwold just over a decade ago with the installation of a number of new fermentation vessels, which was followed by a refit of the main brewery in 2006-07. Adnams also invested in a new energy-efficiency distribution facility at Reydon, which was completed in 2006, while 2010 saw the addition of a distillery in Southwold.

Adnams said any new project to expand brewing capacity was “unlikely to start before 2015”.

shares

1 comment

The views expressed in the above comments do not necessarily reflect the views of this site

The head office of BT, the BT Centre, in Newgate Street, central London.

Thousands of BT workers are to share in a £265million payout under share-related savings schemes which will see some employees making gains of more than £54,000.

A plane in Flybe's latest purple livery.

Regional airline Flybe has confirmed its 2015-16 winter schedule to and from Stansted.

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Gavin Patterson, chief executive of BT.

Photo: BT

BT is to pay out up to £129million to extend the Government-led roll-out of superfast broadband, after a bigger-than-expected take-up of the service.

Centrica has reignited controversy over high energy bills by announcing a 44% increase in first half profits at its British Gas retail division.

Energy giants Royal Dutch Shell and Centrica today revealed plans to axe a total of more than 12,000 jobs.

The Willis building in Ipswich.

Around 200 people are to lose their jobs at the Ipswich office of global insurance broker and risk management group Willis.

Christopher Hayman of Hayman Distillers with his children Miranda and James.

Essex gin maker Hayman Distillers is celebrating after winning a Gold award at this year’s International Wine and Spirits Competition (IWSC).

Most read

Most commented

Topic pages