ABP Food Group said today it has completed a £24.5m (€28.5m) investment in its beef processing facility in Perth, Scotland.
The investment includes a 2,800 square metre extension, along with refurbishment and upgrades to meat production and maturation areas, storage areas and staff facilities.
ABP said the development has created 80 new jobs with an additional 42 jobs supported during the construction phase.
Bob Carnell, Managing Director of ABP's UK Division, said the plant in Perth has been transformed into one of the most modern and advanced of its kind in the UK.
"It will play a significant role as we develop further opportunities for Scottish red meat products in the retail and food service sectors throughout Scotland, across the UK and in export markets," he added.
ABP has two other sites in Scotland, located at Bridge of Allan and Queenslie near Glasgow, which were acquired from Scotbeef last year.
The company now employs 836 people in Scotland and works with 2,200 Scottish farmers.
ABP Food Group employs over 13,000 people across its four divisions - Red Meat, Pet Foods, Renewables and Proteins, with processing facilities in nine countries and a turnover of over €5 billion.