Food Ingredients & Nutritionals

Overview

At facilities in Ireland, Europe and the USA, Glanbia processes and markets a range of cheese, butter, milk proteins and whey-based nutritional ingredients. The Food Ingredients & Nutritionals Division has a number of clearly defined but closely related businesses. These are Food Ingredients Ireland, Food Ingredients USA, and Nutritionals as well as a global sales operation. Food Ingredients & Nutritionals has an innovative food focus and state-of-the art manufacturing facilities.

Performance summary

Food Ingredients & Nutritionals summary

Outlook

Food Ingredients Ireland is well set for the challenges of short term volatility in markets. Investment in its business processes and product mix positions the dairy business to sustain performance in 2008.

The outlook for milk production in Idaho, as well as New Mexico, is excellent for 2008. Domestic demand for American style cheddar cheese is greater than the current supply and, commercially viable export opportunities are increasing. A good performance is expected from this business in 2008.

Key global consumer trends in health and wellness create a very positive background for the Nutritionals business. Very strong dairy markets prevailed throughout 2007 and while prices are expected to retreat from their 2007 peaks, the expectation is that prices will remain above historical averages in the medium term. Overall, strong organic growth is forecast for the Nutritionals business unit in 2008.