Hi there all, been in this stock for a few months. Working in the retail packing industry as a maintenance manager for for one off ASDA/Wal*Marts suppliers for Red meat and Pork products, we are one of 3 companies that ASDA use to supply these products in the UK. Just to let you know a bit about the company we have with in the last year opened a new plant at a cost of £32 millon which basically went ahead due to the agrement with ASDA to go to just 3 suppliers, at the present time we are doing any where from 500 to 650 tones of finished product for ASDA a week, over 12 production lines.
I was up at ASDA house a couple of times over the last few weeks on on labelling issues, where i was hoping to pick up a bit of information on any future developments with the packaging we use, but unfortunatly did not here any thing. We have a few visits this coming week from technical people and the new incoming head meat buyer for ASDA. Which i will keep my ear to ground on to see if i here of any proposed changes from the packaging/sealing systems we are currently using. I know from varoius meetings we have in house that ASDA are allways looking in to ways that we thier suppliers can reduce costs and with the high oil price we have at the moment and the effect that has on the cost of the PVC/PE films at the present this could be one area where savings could be made. Also product shelf life would be a huge advantge to them if it could be increased. I work closely with the packaging buyer on the site i work and have asked him to keep me up to date of any new and coming projects he heres of. Thats all for now, hopefully be back some time with some good news for us investors, i am sure long term this will be a winner just a case of playing the waiting game.