It marks the culmination of a €107m gross investment by DII since 2007. Glanbia has also released highlights of an economic assessment undertaken by Ernst & Young that predicts an annual €510m economic boost by 2020 arising from planned milk expansion by Glanbia and its milk suppliers who are currently preparing for the abolition of milk quotas in 2015.
The Glanbia Ballyragget facility is one of Europe’s largest integrated dairy processing facilities and this investment in Whey Protein Isolate (WPI) is in response to growing global customer demand for what is the purest and most digestible form of dairy protein available – typically used in applications ranging from sports/performance nutrition to high end clinical and infant nutritional formulations.
Glanbia is proposing that milk expansion would be led by Glanbia Ingredients Ireland (GII), a new joint venture company to be owned by Glanbia Co-operative Society (60%) and Glanbia plc (40%).
Source: Glanbia
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