PRESS RELEASE

Tulip Ltd to Invest £16m in its Cornish Operation.

Tulip Ltd has announced today joint plans with its owners, the Danish Crown Group, to invest £16m in its Cornish operation that will benefit the region by creating 250 much needed new jobs. 

The plan will see the Group make significant investments in de-boning facilities in the Bugle site, which will make it the largest de-boning facility in this country as well as maintaining its existing capability to produce traditional cure and smoked Pork products.

As well as the expansion of the Bugle facility, Tulip Ltd will be installing a new state of the art Air Drying and Linear Curing facility at its Redruth site that will see that business grow by around 40%. 

The £16m investment programme is being part funded with a Government Regional Fund grant of £4.8m, and although the ambitious expansion plans are subject to final planning approval, work should start on the project during the autumn of 2014 with completion of the project targeted for the first half of 2015. 

Commenting on the announcement Chris Thomas, CEO Tulip Ltd, explains; "This is a very exciting time for our business and for Cornwall, when our investment programme has been completed we will have created an additional 250 new jobs, which is fantastic news for the whole region. 

"I am delighted that our parent company Danish Crown has chosen to invest in this region, a decision due in the main to the skill and commitment of our colleagues here in Cornwall, the encouragement and support we have received from local government, regional agencies and in particular local MP Stephen Gilbert." 

The expansion of the company's Bugle and Redruth facilities is subject to obtaining planning permission and a decision on the application is expected within the next two months. 

ENDS

Notes to Editors:

Tulip Ltd is the country's leading consumer food solutions business, with 17 fresh and cooked meat sites across the UK, employing around 7,500 people. 

The company is owned by The Danish Crown group, which is the largest pork producer in Europe and the biggest exporter of pork in the world. 

Tulip Ltd is listed in the Sunday Times Inward Investment Track 50 - a new league table which recognises the important role overseas-headquartered multinationals employing the most people in the UK play in the economy.

For further information, please contact:Ken Wallace, Thorpe PR,Tel: 07966 139797

Email:ken@thorpepr.co.uk