Overcast

Overcast

max temp: 6°C

min temp: 3°C

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

John Lewis is axing nearly 400 jobs across its restaurants and home fittings service as it grapples with the acute pressures facing the retail sector.

North Street in Sudbury is to lose its Argos and Poundland stores in quick succession.

Flavour and fragrance solutions company Treatt today signalled that profits for its current financial year are now likely to come in “substantially” ahead of previous expectations.

By day Darren Hills is a café kitchen cook in Adnam’s flagship store on Drayman Square in Southwold.

But in his spare time the 25-year old serves as a special constable in Halesworth and Lowestoft, patrolling the streets at night, attending traffic accidents and investigating crimes. Last year, he clocked up more than 350 hours volunteering as a ‘’special”.

Infection and contamination control products group Tristel has reported increased first half revenues and profits, with growth running ahead of management expectations.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24