We have a three strategic Joint Ventures & Associates: Southwest Cheese in the US, Glanbia Ingredients Ireland and Glanbia Cheese in the UK. These are strategically important partnerships, not only in their own right, but also in terms of the synergies and growth opportunities they bring to the
wholly owned Group.
Where you will find our products
Glanbia Ingredients Ireland (GII) is a supplier of dairy ingredients to key global customers including the infant formula, clinical nutrition and food and beverage sectors. Glanbia Cheese is the #1 mozzarella producer in Europe. Cheese and dairy products produced by Southwest Cheese are all commercialised by Global Ingredients.
Joint Ventures & Associates delivered a good performance in 2016 with Glanbia’s share of EBITA growing by 14.9% year-on-year. This was as a result of volume growth across the businesses, improved operating efficiencies and some improvement in market dynamics in the second half of the year.
Revenue was 3.4% lower in 2016 versus the prior year. This was driven by a price decline of 4.9% as a result of the relatively weak dairy market environment in the first half of 2016. The disposal of Glanbia’s interest in Nutricima in April 2015 led to an additional 1.3% decline in revenue compared to the prior year. All Joint Ventures and Associates contributed to overall year on year volume growth of 2.8%.
Glanbia Ingredients Ireland is a 40:60 joint venture between Glanbia plc and Glanbia Co-operative Society Limited. It is the largest dairy processor in Ireland, processing a total of 2 billion litres of milk per year and has over 700 employees. Its products, the large majority of which are exported to more than 60 countries, include milk powders, butter, cheese, whey protein, milk protein and casein. Its customers include many of the large global food and infant formula manufacturers as well as more regionally focused players across Europe, Middle East, Africa and Asia.
Glanbia Ingredients Ireland’s operations currently comprise five plants; one in Ballyragget, Co. Kilkenny; one in Virginia, Co. Cavan; one in Wexford and the new large state-of-the-art plant in Belview, Co. Kilkenny. Belview is the largest capital investment by an indigenous company in the Republic of Ireland and the facility will cater for the planned increase in milk production in Ireland post the abolition of EU milk quotas, which occurred in April 2015.
For more information go to www.glanbiaingredientsireland.com