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Last Updated: Friday, 28 January, 2005, 15:37 GMT
Greggs builds 13m savoury plant
Sausage roll
Greggs offers customers a range of freshly-baked products
Greggs, the UK's largest high-street bakery company, is to invest 13m in a new production plant to meet demand for sausage rolls and pasties.

The new 'savoury facility' will be built this year at Greggs' Balliol Park site in Longbenton, north-east England. Production will start in 2006.

Greggs said the new development will create 50 jobs.

The company has set itself ambitious growth targets and wants to more than double its sales to 1bn by 2010.

Competitive edge

Nigel Oldham, director of production at Greggs, said that the company is looking to buy more stores, increasing outlets to 1,700 over the next five years from about 1,200 at present.

Newcastle-based Greggs also has four shops in Belgium, as well as 216 Bakers Oven stores in the UK.

Mr Oldham said that Greggs wanted to exploit its presence on the High Street to gain an advantage over competitors.

Greggs was founded on Tyneside in the 1930's by John Gregg, father of the present company chairman.


SEE ALSO:
Bakery jobs go in reorganisation
13 Sep 04 |  Tyne/Wear
Greggs ad campaign feeds profits
06 Aug 04 |  Business
UK baker savours rise in profits
05 Mar 04 |  Business
Greggs the bakers back on a roll
07 Jan 04 |  Business
Bakers cooks up a profit
22 Oct 03 |  Tyne/Wear
Baker Greggs on a roll
07 Mar 03 |  Business


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