Animex enjoys huge increase in sales and revenues

Animex, a meat company which belongs to American Smithfield Foods, is enjoying record high sales, increasing purchases of livestock and is investing zł.80 million to expands its plants. One of the main reasons behind the outstanding results is the growing importance of exports, which already accounts for 30% of total sales. "We recorded sales of $410 million in the 2003-4 accounting year which closed in March, while a year earlier it amounted to $334 million," said Morten Jensen, Animex president. This year the company expects to see a sales growth of a further 40%, which is to be achieved through expanding its sales network abroad and new contracts. Morten Jensen said that despite Smithfield’s planned purchase of a 15% stake in Campofrio, the owner of domestic Morliny, Animex and Morliny will for now still compete on the Polish market. (Puls Biznesu, pp. 1, 6) M.M.