The Courier & Advertiser (Angus and Dundee)
Cefetra hails Rosyth facility
Agriculture firm Cefetra, which has a large operation at the Port of Rosyth, is approaching sales of £1 billion.
Cefetra is one of the major traders of grains and animal feeds in the UK and Ireland.
The Glasgow-based firm has revealed sales of £991.9 million for the year ending December 31, a rise from £865.9m in 2018.
The group’s operating profits increased by 32%, from £4.5m in 2018 to £5.9m last year.
Cefetra managing director Andrew Mackay said: “These robust financial statements highlight what has been another successful year for Cefetra with growth achieved in both volumes and profit.
“We continue to receive excellent support from both our customers and our suppliers, enabling us to increase our delivered volumes to over 4.3m tonnes which helped us to deliver this satisfactory result for the period.”
Cefetra has plans to position Rosyth as the main agri-hub for Scotland, which took a step forward with a multi-million-pound investment by port operator Forth Ports in an eco-hopper to provide dust-controlled import facilities.
Mr Mackay added: “In July 2018, after 26 years, we transferred the majority of our activities from KGV Glasgow to Rosyth and Leith.
“We are pleased to have reached a long-term agreement with Forth Ports to provide us with increased, modern facilities.
“The port has been deepened and new cargo handling equipment has been ordered to accommodate our larger vessels.
“A new purpose-built storage complex is also due for completion by the end of 2019.”
Cefetra supplies a wide range of commodities including grains, oilseeds and oilcakes as well as other non-grain feed ingredients.