1,600 jobs boost with €200M Glanbia plan

By Nicholas Robinson

- Last updated on GMT

Dairy firm pumps millions into Irish sites

Related tags Milk functional beverage beverage

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

Nextida: Precision where it matters

Nextida: Precision where it matters

Content provided by Rousselot | 09-May-2024 | Product Brochure

NEXTIDA™ is an innovative platform of specific collagen peptide compositions with new targeted health benefits. Built and backed by science, Nextida stands...

Your expert partner in active nutrition solutions

Your expert partner in active nutrition solutions

Content provided by ADM | 30-Apr-2024 | Case Study

The intersection of the rising plant-based trend and increasing awareness of gut health has opened new opportunities for market success. Consumer demand...

HRB probiotics in the HMO era

HRB probiotics in the HMO era

Content provided by Morinaga Milk Industry Co., Ltd. | 29-Apr-2024 | White Paper

Discover the science behind human-residential bifidobacteria (HRB) probiotics and their superior benefits for infants.

Pycnogenol® for Sport: eNOS and Beyond

Pycnogenol® for Sport: eNOS and Beyond

Content provided by Horphag Research | 12-Apr-2024 | White Paper

Engaging in physical activities immediately triggers a number of physiological responses from our body (1). First, our liver glucose output and adipose...

Related suppliers

Follow us

Products

View more

Webinars