Arkady Feed and Port of Cork Announce Major Investment in Agri-food Sector

Cork, 25 November 2011 - An Taoiseach, Enda Kenny T.D. and Minister Simon Coveney T.D. today helped start construction on Arkady Feed Ltd’s 110,000 square foot bulk feed store at the Port of Cork’s Deep-water berth in Ringaskiddy, Co. Cork.

Arkady Feed Ltd is a leading player in the importation and trading of feedstuffs for the animal feed sector in Ireland. The animal feed sector is a vital link in Ireland’s €8 billion agri-food sector. The construction of this new store by Arkady Feed Ltd is a vote of confidence in the animal feed and agri-food sectors by the company. BAM Contractors have been awarded the contract to build the facility on behalf of Arkady Feed Ltd.

Minister Coveney today said: ‘I wish Arkady Feed Ltd every success for their new bulk feed store here in Ringaskiddy, Co. Cork. The dry bulks sector is up 9% for the first 9 months of 2011, according to figures recently published by the IMDO, which shows that this sector is likely to see further growth in the future.’

Gary McGuigan, a Director of Arkady Feed Ltd, said: ‘This very important strategic investment in our own storage facility in the Port of Cork, will allow us to grow our business here in Ireland and be a stronger partner with our customers as they too grow over the coming years. While our industry is facing a number of serious issues that will hamper growth in the short term we feel very strongly that our industry is well placed for growth in the medium to long term.’

Brendan Keating, CEO of Port of Cork Company, said: ‘The Port of Cork Company is delighted that Arkady Feed Ltd has chosen Ringaskiddy as the location for this significant investment. We are confident that with our unique deep-water port facilities in Ringaskiddy we can help and support Arkady as they expand their business. In offering our full support we commit to working with Arkady Feed Ltd in the achievement of growth.’

Further information: Sara Mackeown, Commercial Marketing Executive, Port of Cork Company, +353 (0) 21 4625 375.