Displaying items by tag: Arkady

25th November 2011

Port of Cork Announce Agri-food Sector Investment

#CORKHARBOUR–An Taoiseach, Enda Kenny T.D. and Minister Simon Coveney T.D. today helped start construction on Arkady Feed Ltd.'s 110,000 square foot bulk feed store at the Port of Cork's Deep-water berth in Ringaskiddy, Co. Cork.

Arkady Feed Ltd is a leading player in the importation and trading of feedstuffs for the animal feed sector in Ireland. The animal feed sector is a vital link in Ireland's €8bn agri-food sector. The construction of this new store by Arkady Feed Ltd is a vote of confidence in the animal feed and agri-food sectors by the company. BAM contractors have been awarded the contract to build the facility on behalf of Arkady Feed Ltd.

Minister Simon Coveney today said: "I wish Arkady Feed Ltd every success for their new bulk feed store here in Ringaskiddy, Co. Cork. The dry bulks sector is up 9% for the first 9 months of 2011, according to figures recently published by the IMDO, which shows that this sector is likely to see further growth in the future."

Gary McGuigan, a Director of Arkady Feed Ltd said: "This very important strategic investment in our own storage facility in the Port of Cork, will allow us to grow our business here in Ireland and be a stronger partner with our customers as they too grow over the coming years. While our industry is facing a number of serious issues that will hamper growth in the short term we feel very strongly that our industry is well placed for growth in the medium to long term."

Brendan Keating, CEO of Port of Cork Company said: "The Port of Cork Company is delighted that Arkady Feed Ltd has chosen Ringaskiddy as the location for this significant investment. We are confident that with our unique deep-water port facilities in Ringaskiddy we can help and support Arkady as they expand their business. In offering our full support we commit to working with Arkady Feed Ltd in the achievement of growth."

Published in Port of Cork

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.