Leading food manufacturer invests to increase factory by 70%

Food & Drink | Funding | North West | Yorkshire
David Knibb and Lydia Smith – owners of The Tofoo Co.

The Tofoo Co is increasing its factory capacity by 70% with the installation of a new Soy Milk Cooker from Japan.

This will allow the company to increase turnover from £14 million per annum to almost £20 million by 2021.

Since 2016 The Tofoo Co.’s turnover has increased from £600,000 to £14 million with 93 full time staff members, and demand for its meat-free products has continued to grow throughout 2020.

After spending £3 million on the factory, the company has invested further in a new Soy Milk Cooker which was commissioned, assembled and shipped from Japan to increase the factory capacity by 70% and generate an additional 50 tonnes of plain tofu per week.

David Knibbs, Managing Director of The Tofoo Co. comments: “The arrival and installation of the new milk cooker marks a further one million pound investment at the Tofoo factory. The new piece of equipment will support the business to increase its monthly turnover that currently sits at over £1 million.

“We’re also expanding our operational output with packing hall machinery and pressing to ensure we have enough capacity to meet the anticipated high demand.”

The Tofoo Co is an independent and family-run business.

 

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