The Board of Glanbia Co-operative Society Limited in Ireland has announced the creation of a 2016 member support packageworth at least $38.8m (€35.6m).
A “strong” financial performance in 2012 has left Glanbia is a “stronger position” to capitalise on its competitive advantage in growth markets, the Irish dairy processor has claimed.
Glanbia looks set to complete its proposed Glanbia Ingredients Ireland (GII) joint venture with Glanbia Co-operative Society, after gaining shareholder approval for the deal.
Glanbia has unveiled a €21m whey protein isolate (WPI) investment at its Dairy Ingredients Ireland (DII) Ballyragget facility – the Irish dairy giant’s latest expansion effort driven by the up-coming milk quota abolition.
Irish dairy giant Glanbia has signed a Memorandum of Understanding with Glanbia Co-operative Society Limited to enter into a joint venture in respect of its Dairy Ingredients Ireland (DII) business.
Irish dairy giant Glanbia has been granted permission to build a new processing plant – a development planned in anticipation of its potential joint venture with Glanbia Co-operative Society Limited.
Demand for whey products underpinned a strong first quarter for Glanbia with analysts hailing an ‘encouraging start’ to the year, but the firm has dismissed talk that it plans to spin-off its Dairy Ireland business as 'speculation'.
