The Irish Dairy Board (IDB) has invested €20m ($27m) in a dairy manufacturing and technology facility in Saudi Arabia, “to access the important dairy growth markets in the Middle East and North Africa region, supplying the Islamic Halal market segment”.
The Irish Dairy Board (IDB) has reported turnover exceeding €2bn for 2012 on the back of a strong performance by its Consumer Foods business – most notably its Kerrygold butter brand.
Ireland’s dairy industry is set for significant growth after milk quotas are abolished in 2015, according to Kevin Lane, chief executive of the Irish Dairy Board (IDB).
The Irish dairy industry must step up innovation if it is to remain
competitive in a changing European market place, according to one
of the country's leading processors and ingredient suppliers.
Rising commodity prices in the second half of 2006 helped the Irish
Dairy Board to a five per cent sales rise for the year, but
producers warn they are not reaping the benefits.