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 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'.
