The meat industry is one of Marel’s three key protein industries. Marel Meat is a leading global supplier of integrated systems and advanced stand-alone processing equipment to the red meat industry – from live animal receipt to finished packs. Marel Meat contributed EUR 334 million in revenue in 2017, or 32% of total revenues, translating to an EBIT of 11.5% (operating income adjusted for amortization of acquisition-related intangible assets).
Marel Meat focused on supplying stand-alone systems and equipment to the case-ready and food service sector. We have a strong foothold in this segment and flexibility and end product differentiation were key issues in 2017. We delivered systems and solutions that help our customers keep pace with the ever-increasing demands of retailers and consumers for case-ready products at competitive prices.
Thanks to strategic acquisitions and organic growth, Marel Meat now covers the entire value chain; from live animal intake to finished consumer product. Our projects in 2017 reflect this scope, as larger installations and greenfield projects became more prominent. Some of our largest greenfield projects took us to Spain, France, Mexico and Korea.
We worked with GrupoJorge, one of Spain's largest meat producers, on extending the capacity of their existing factories, for example. In addition, Marel Meat developed completely new processing facilities for Granjas Carroll de Mexico in Mexico and for PuKyung Pig Farmers Agricultural Cooperative in Korea. Greenfield projects like these are our specialty, as they enable us to utilize our processing and technological expertise to help our customers reach their goals.