Industry & Business

Glanbia Ireland Reopens Wexford Cheese Plant and Plans €160 Million Investment at Belview

 Breaking News
  • Fáilte Ireland Crafts a New Path to Success Across Ireland’s Ancient East Fáilte Ireland has unveiled a bespoke toolkit to equip and train craft businesses across Ireland’s Ancient East with the skills to maximise the potential of craft tourism to generate increased revenue and support local jobs. John Paul Phelan TD, Minister of State for Local Government and Electoral Reform, officially launched the Fáilte Ireland toolkit at Kilkenny’s Jerpoint Glass – a [...]...
  • Property Market Grows 8% – Almost Half of Homes Bought With Cash The latest quarterly Consumer Market Monitor (CMM), published by the Marketing Institute of Ireland and UCD Michael Smurfit Graduate Business School, shows slow but steady growth in Ireland’s residential property market, with 55,000 homes purchased in 2018, an increase of just 8% on the previous year. Excluding mortgages from the 2018 figures, there were almost 25,000 [...]...
  • Kerry Group Benefits From Unique Business Model Kerry Group, the global taste, nutrition and consumer foods business, has reported a 3.1% increase in revenue to €6.6 billion for the year ended 31 December 2018, reflecting strong volume growth and contribution from acquisitions, partially offset by adverse currency movements. Business volumes grew by 3.5% and pricing decreased by 0.5% against a backdrop of [...]...
  • 30% Increase in Dublin Industrial Take-up Dublin industrial take up for 2018 totalled 3.3 million sq ft which is a 31% increase on last year. Whilst activity was dominated by smaller deals, take-up totals were boosted by a number of larger-sized deals. There were 14 deals greater than 50,000 sq ft in the last 12 months. The top 5 deals this [...]...
  • Skillnet Ireland Wins Big at Top Digital Awards 2019 Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning, won big at the recent 2019 Digital Media Awards , picking up the award for Best Brand. Other finalists in the ‘Best Brand’ category included Diet Coke, BMW, Thérapie Clinic and 98FM. Established in 2005, the Digital Media Awards are the most [...]...

Glanbia Ireland Reopens Wexford Cheese Plant and Plans €160 Million Investment at Belview

Glanbia Ireland Reopens Wexford Cheese Plant and Plans €160 Million Investment at Belview
March 12
09:22 2018

Glanbia Ireland, Ireland’s leading dairy and agri-business company, has officially reopened its Wexford cheese plant following a major capital investment programme. The €35 million investment in the facility, just outside Wexford town, has been supported by the Government of Ireland through Enterprise Ireland since 2014 and has doubled peak capacity at the plant.

Glanbia Ireland is a joint venture 60% owned by Glanbia Co-op and 40% owned by Glanbia plc, the global nutrition group. Established in July 2017, Glanbia Ireland combines Glanbia Ingredients Ireland, Glanbia Consumer Products and Glanbia Agribusiness.

Award winning cheese from Glanbia Ireland’s Wexford facility is supplied to a number of global food companies and is also widely available in the ‘Wexford’ branded cheese range which can be bought in Ireland and in a number of overseas markets. As well as increasing Glanbia Ireland’s cheese processing capacity, the Wexford investment will deliver an additional whey stream for the sports nutrition sector, which is one of Glanbia’s key market sectors.

The Irish Government has also confirmed Enterprise Ireland support towards Glanbia Ireland’s plans to invest over €160 million in its site at Belview in County Kilkenny. This investment will result in new activities at the Belview facility, which was first opened in 2015, and lead to the installation of a new third dryer and other processing equipment which will produce infant formula products destined for global export markets.

It is expected that the new facility in Belview will be operational by 2020 and this investment will directly result in the creation of 83 new full-time jobs as well as supporting 400 jobs during the two-year construction phase of the project. There will also be a significant knock-on effect from this investment in the wider economy both regionally and nationwide, and the indirect jobs created from these types of agri-investments are very substantial.

Jim Bergin, chief executive of Glanbia Ireland.

Minister for Business, Enterprise and Innovation, Heather Humphreys TD says:“The Government’s investment, through Enterprise Ireland, to support Glanbia Ireland’s development of new activities in Belview reflects our belief in the underlying economic contribution of our indigenous dairy industry and in the company’s development plans.  Glanbia has long been one of Ireland’s great home-grown success stories, and as a company, has been characterised by its successful international growth strategy in key markets and a commitment to innovation and excellence.  This investment demonstrates a real long-term commitment to farming families and the rural economy. I commend Enterprise Ireland and Glanbia Ireland on their collaboration and wish them every success with the project.”

Henry Corbally, chairman of Glanbia Group, comments: “These major investments in Wexford and Belview are a great vote of confidence in Irish dairy and in Irish dairy farmers.  Despite volatility in global markets there is growing demand and positive long-term prospects for our products.  These investments are designed to ensure that Glanbia Ireland’s suppliers have the opportunity to access those markets.  I would like to thank Enterprise Ireland for their continuing support for the Agri-food sector which is such an important part of the Irish economy.”

Jim Bergin, chief executive of Glanbia Ireland, comments: “These latest investments are part of Glanbia’s longstanding commitment to meet the growth ambitions of our milk suppliers. In recent years, Glanbia Ireland has invested €235m at the company’s milk processing plants at Virginia (Co Cavan), Ballyragget and Belview (Co Kilkenny). Between now and 2020 we expect to invest between €250 and €300 million to facilitate an expected 30% growth in milk from Glanbia Ireland’s 4,800 farmer suppliers. This level of investment is also required to diversify the product mix we can offer customers to help navigate the unprecedented level of volatility in the global marketplace.”

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements





















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4