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.
Revenues from Glanbia’s share of Joint Ventures & Associates decreased 17.3% in 2015. The main drivers of this were the decline in global dairy market prices during the year which led to a price reduction of 19.7% and the disposal of the Group’s interest in Nutricima which resulted in a 2.5% decrease. This was offset by a volume increase of 4.9% largely driven by increased throughput in Glanbia Ingredients Ireland following the abolition of EU milk quotas in April 2015. EBITA of €39.7 million was similar to prior year with margins improving by 70 basis points. Join Ventures & Associates are expected to be marginally down versus 2015 performance. The outlook is impacted by dairy markets which Glanbia is expecting to remain challenging in 2016.
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