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Enterprise Ireland confirms support for 160m investment in Glanbia facility

Written by Robert McHugh, on 9th Mar 2018. Posted in Agriculture

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Minister for Agriculture, Food & the Marine Michael Creed TD, along with Glanbia Group Chairman Henry Corbally, yesterday officially re-opened Glanbia Ireland’s Wexford cheese plant following a major capital investment programme. The €35m 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

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 here 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 Government also confirmed Enterprise Ireland support towards Glanbia Ireland’s plans to invest over €160 million in its site at Belview, Co 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. Glanbia say 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.

Speaking yesterday, Minister Creed said, "I’m delighted to be here to mark the official reopening of Glanbia Ireland’s Wexford Cheese Plant. This investment supported by Enterprise Ireland is another example of the potential of the Irish agri-food sector to create and sustain jobs across the country. Combined with today’s announcement on further substantial investment in Glanbia Ireland’s Belview facility it is clear that the future of dairy in Ireland is a very bright one indeed. I’d like to congratulate Glanbia Ireland for their continued commitment to supporting the growth ambitions of their suppliers and ensuring that Ireland remains at the forefront of dairy innovation for the global marketplace."

Glanbia Group Chairman, Henry Corbally added, "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."

Source: www.businessworld.ie

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