Thursday, August 18, 2022

Europe’s largest oat mill set for UK

Navara Oat Milling, a new joint venture in food manufacturing, is building a state-of-the-art oat processing plant in Kettering supported by a £15 million asset finance funding package from HSBC UK.

Navara is jointly owned by crop production and grain marketing company Frontier Agriculture; farmer owned cooperative Camgrain; and Anglia Maltings Holdings (AMH), a food and drink ingredient manufacturer.

All three companies bring together a longstanding expertise in their respective supply chains and markets and have come together to meet the demand for oats in the food and drink sector.

The support from HSBC UK will enable Navara Oat Milling to build and operate a new cutting-edge processing plant, set for completion in 2023.

Once up and running, the new mill will be poised to meet the growing demand for oat ingredients in the food and drink industry. The new mill is expected to create 120 new jobs – 60 during the construction phase, and a further 60 to operate the plant when complete.

Mark Aitchison, Managing Director of Frontier and chairman of the new joint venture, said: “There’s increasing demand for oat ingredients in healthy food products and non-dairy drinks.

“Our collective vision is to build and grow a dedicated oat supply chain, bringing farmer and food manufacturer closer together and delivering improvements that benefit each sector and the environment.

“The support from HSBC UK has been invaluable in enabling us to bring our plans to life.”

Allan Wilkinson, UK head of agrifoods at HSBC UK, said: “The demand for oat-based products has increased heavily due to the proven health benefits, with many switching to plant-based products as part of their diet.

“We’re delighted to be supporting this new venture, which brings together three of our existing clients, boosting oat production across Europe.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.