FEI Foods creates 70 jobs at new factory

By Gwen Ridler

- Last updated on GMT

FEI Foods has created 70 jobs at its new factory in Llantrisant, south Wales. Left to right: Paul Williams (Lloyds Bank), Lloyd Williams (FEI Foods) and Richard Stevenson (Lloyds Bank)
FEI Foods has created 70 jobs at its new factory in Llantrisant, south Wales. Left to right: Paul Williams (Lloyds Bank), Lloyd Williams (FEI Foods) and Richard Stevenson (Lloyds Bank)

Related tags Investment Finance

Microwavable rice and grain products manufacturer FEI Foods is to create 70 jobs at a new factory in south Wales, after securing £19M in funding from Lloyds Bank.

The move to the 23,226m2 ​site in Llantrisant followed a rise in demand for the convenience foods. FEI also planned to invest in new machinery to double the firm’s capacity.

The increase in space would also enable it to boost investment in the research and development of new products, said FEI.

Lloyd Williams, finance director at FEI Foods, said: “Change in consumers’ cooking habits have contributed to a significant boost in sales over the past few years. People now want quick, high-quality foods, and the convenience of our products has been a key contributor to our success.

‘Operating at near full capacity’

“Although the boost in sales has been great for business, it’s meant that we’ve been operating at near full capacity for the past few years. Moving to the new site will provide us with the additional space and capacity we need to continue on our impressive growth journey.”

Lloyds Bank provided an £8M loan to secure the new premises and enable full refurbishment of the new site, as well as a £11M hire purchase and leasing facility to buy new machinery.

FEI expected to achieve a turnover of £70M within the next 12 months, because of the expansion.

“We’ve been working with Lloyds Bank for the past eight years and they have been an instrumental part of our growth,” ​Williams added. “This latest financing illustrates their continued commitment to our business.”

Lloyds Banks relationship director Paul Williams said FEI’s move to the new premises would provide the company with a modern space that suited its specific needs.

‘21% increase in turnover’

He added: “Food and drink firms across the UK are thriving, and our recent report into the sector found that companies expect a 21% increase in turnover over the next five years.”

FEI Foods supplies own-label microwavable rice and grain products to supermarkets across the UK and Europe.

Sales have risen significantly over the past seven years for the company, with the number of staff growing from 60 to 360 during the same period.

Meanwhile, Hull-based baker Jacksons has invested £40M in a new factory to create 100 new jobs,​ after securing planning permission from the local council.

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1 comment

congratulation to your endustry growth

Posted by Comfort Dlamini,

I am like to express my word of gratitude to the progress your company has shown. expansion will bring about new opportunity to the industry. new site addition of 70 jobs is golden egg to job seekers. Being to food manufacture, producing healthy food which is safety to human life, you are ranked high in food niche market. who ever follow you, whether a retailer or share common interest is delighted to share your industry news. Please send me your company news. I am agriculturist with years of experience in crop research, currently I support Agriculture companies to meet their goals through staff solution. we are expert in our business we have help many companies around the globe to find Scientist and other staff needs. Please do not hesitate to share your news, customer needs or service needs.

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