1,600 jobs boost with €200M Glanbia plan

By Nicholas Robinson contact

- Last updated on GMT

Dairy firm pumps millions into Irish sites

Related tags: Milk

Glanbia Ingredients has pumped more than €200M into its dairy processing capabilities across Ireland in preparation for the abolition of milk quotas at the end of this month (March).

The firm’s new Nutritional Ingredients infant formula plant in Kilkenny, Ireland, will be the latest product of the firm’s investment when it is completed later this month.

Glanbia processes more than 30% of Ireland’s national milk pool, the company claimed and its new formula plant will generate more than 400M a year and will create 1,600 direct and indirect jobs once fully operational.

“Ireland will be the main beneficiary of the removal of milk quotas from 2015,”​ said Kevin Bellamy, senior global dairy analyst at Rabobank.

Milk quotas

“Removal of milk quotas in 2015 will allow the Irish dairy sector to establish itself as the low-cost source of production for the northern hemisphere,”​ he added.

When the quotas are lifted, global dairy demand will rise by 2.4% annually, said a Glanbia spokeswoman. This gave Ireland a unique opportunity to bring in an additional 1bn into the Irish economy, which it would do by boosting its milk output by 50% from April onwards.

Related news

Show more

Related products

show more

GlycOmega™-PLUS: Beyond Greenshell™ mussel powder

GlycOmega™-PLUS: Beyond Greenshell™ mussel powder

LEHVOSS Nutrition– Gee Lawson | 04-Feb-2019 | Technical / White Paper

From Aroma NZ Ltd, GlycOmega™ PLUS is the new generation of Greenshell™ mussel meat extract, which LEHVOSS Nutrition is pleased to add to the Gee Lawson...

The Ingredients Show 2019 NEC Birmingham

The Ingredients Show 2019 NEC Birmingham

William Reed | 01-Jan-2019 | Product Brochure

We’ve been bringing food and drink markets together for over 150 years. And the drive to
inform and serve our sectors that fuelled the launch of...

Indena’s approach in supporting sport nutrition

Indena’s approach in supporting sport nutrition

Indena: the botanical ingredient of Health Food industry | 22-Nov-2018 | Technical / White Paper

Edible plants confirm to be a paramount source of precious substances able to help in maintaining the overall wellbeing and complement the nutrition of...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars