Friday, November 16, 2018
 Glanbia Moves Forward In Plans for Processing Plant  

Irish dairy giant Glanbia has been granted permission to build a new processing plant in anticipation of its potential joint venture with Glanbia Co-operative Society Limited.

Glanbia and Glanbia Co-operative Society Limited – Glanbia’s majority shareholder, are in talks to create a joint venture (Glanbia 40%, the Society 60%) designed to develop Glanbia’s Dairy Ingredients Ireland (DII) business and boost its milk processing capacity in anticipation of the planned European Union (EU) milk quota abolition in 2015. The building of the plant will be dependent on the outcome of these discussions.

EU milk production is expected to increase by between 55% and 60% in the five years following the abolition.

The planned facility will have a processing capacity of 19m liters per week and will house two 7.5 tons per hour milk dryers. It will employ around 100 people once operational and an additional 400 temporary construction jobs could be created during the building of the plant.

Source: Kilkenny People

Posted on Thursday, August 30, 2012 (Archive on Thursday, September 06, 2012)
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