max temp: 13°C

min temp: 11°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.

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”.

Search hundreds of local jobs at Jobs24

1 comment

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

Felixstowe town centre looking busy and vibrant.

Two Suffolk communities have been praised for revitalising their high street “as a unique place for living, working and shopping”.

Lloyds has put aside £1bn for PPI compensation.

Lloyds Banking Group has set aside another £1bn to meet compensation claims for the mis-selling of payment protection insurance (PPI).

Daryl Johnson, General Manager at Bannatyne Bury St Edmunds, Anthony Elliott, Operations Director at Bannatyne Group, and Karen Wilkinson, Group Head of Spa for Bannatyne Group.

A Bury St Edmunds-based spa is celebrating a £375,000 facelift.

Solar panels at a solar farm. Half a million solar panels were installed every day last year, as renewables overtook coal to become the largest source of power capacity worldwide.

Half a million solar panels were installed every day last year, as renewables overtook coal to become the largest source of power worldwide.

Santander UK has reported a rise in profit.

Santander UK has reported a rise in profit, but again warned that earnings could take a hit as a result of Brexit.


Show Job Lists

Most read

Most commented

Topic pages


Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24