Monday, April 22, 2024

Pinnacle Feeds makes major plant upgrade


Share post:

Pinnacle Feeds has installed a state-of-the-art mixer at its feed production plant at Lower Estate, St Michael.

And while this will improve the quality of feed, chairman of parent company Roberts Manufacturing Co. Ltd, Peter Bunting, warned the price of feed remained dependent on external factors.

“We have to understand that 70 to 80 per cent of production is the straight input cost of corn and soya . . . . The drivers for the increases in livestock feed for the last two years have been, in a sense, completely out of our hands,” Bunting explained.

“When world fuel prices go up, nobody blames the gas station for increasing their cost of petrol. They understand that they are price-takers. This is a global commodity and the prices are set globally.”

Bunting said over the last two years, there has been a 100 per cent increase in the cost of inputs.

Meanwhile, the new mixer was installed earlier this month at a cost of just over $1 million.

“We are on a path to innovate and transform our operations at Roberts Manufacturing to deliver the benefits of 21st century technology to our customers. This is relevant to maintaining our high-quality and competitiveness across industries where our products and services play a crucial role,” he told journalists after a tour of the plant.  (Nation News)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.




Please enter your comment!
Please enter your name here

Related articles

Sunil Narine rules out West Indies comeback for T20 World Cup

Sunil Narine has ruled himself out of a recall to West Indies' squad for the forthcoming T20 World Cup...

Taiwan rattled by 6.1 magnitude earthquake amid numerous tremors

Taiwan was hit with a magnitude 6.1 earthquake in the early hours of Tuesday local time (2:32 p.m....

Trump hush money trial was ‘election fraud pure and simple’, prosecutors say

Donald Trump “orchestrated a criminal scheme to corrupt the 2016 presidential election” by covering up an alleged affair...

Nicki Minaj throws item back into crowd after nearly getting hit by object onstage

Nicki Minaj was left unimpressed after a fan threw an object at her onstage. In a video shared by Pop Crave on...