FNPF buys 40% of BSP Life’s shares in Rooster Poultry
February 4, 2024FNPF Acquires 40% Shares of Rooster Poultry
June 14, 2024Rooster Poultry has achieved a significant milestone following the inauguration of its $13 million upgraded processing plant facility in Navau, Ba.
While speaking during the inauguration Prime Minister Sitiveni Rabuka says this project, does not only reflect Rooster Poultry’s achievements but also the nation’s journey towards greater food security and economic prosperity.
He says Rooster Poultry has grown leaps and bounds over the last decades, consistently achieving world-class food safety and quality standards, certified by the internationally recognised ISO 9000 framework.
Rabuka says Rooster is now a household brand, supplying major supermarket chains throughout the country, restaurants, and our tourism industry.
He says their commitment to the Vanua and community is evident by the employment of 450 staff, playing an integral role in the Ba economy as their phenomenal growth has also had an economic multiplier effect with the use of local suppliers to support the expansion of the business.
The Prime Minister says the locally owned and operated, Rooster Poultry has supported numerous community projects and made significant sponsorship investments, most notably in sports to develop our young talent, fostering national pride.
He also acknowledged BSP Life as the sole shareholder in Future Farms stating that their commitment to nurturing this business with significant capital investment, strategic oversight, strong governance and trust in the future of our country is deeply acknowledged,.
Rabuka also stated that the new production plant will support local consumption and be an enabler for exports across the region.
He added that their administration has worked tirelessly to create a conducive environment for businesses to thrive and the investment by Rooster Poultry in upgrading their facilities is an affirmation of the confidence in the future of our country.
The Prime Minister is encouraging everyone to move forward together in the spirit of partnership and progress as one team, Team Fiji.