Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 9°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

Chris Morgan, managing director of Mobile Mini UK, with Sarah Jones, manager at Mr Box.
Photo: Keith Mindham

Container storage company Mr Box, based at Great Blakenham, near Ipswich, has been purchased for an undisclosed sum by the UK arm of Mobile Mini, which has its global headquarters in Arizona.

Dr Dan Poulter MP turns on Christmas lights in Framlingham.

Businesses in a Suffolk town are being urged to decorate their windows with a “magical look for the whole season”.

Small Business Minister Margot James, left, with Angela Berry, owner of The Lampshade Company, at the Small Business Saturday reception at 10 Downing Street.

Small businesses from Suffolk and north Essex were among 100 from across the UK invited to a reception at 10 Downing Street ahead of last week’s Small Business Saturday event.

The second DevelopHER Awards were held in Ipswich. Pictured is Angela Prichard, winner of the Eye for Design Award. Picture: Tim Stephenson Photography.

The best and brightest have been recognised at an awards ceremony to promote the role of women in East Anglia’s tech sector.

From left, Sophie Earland, Amanda Cornwell, Claire Speakman and Nina Simmons of Scrutton Bland.

East Anglia-based financial services provider Scrutton Bland has made four new appointments to its insurance department as part of its plan for continued growth of the firm.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24