DAIRYGOLD ANNOUNCES €120M INVESTMENT
Over the next three to seven years, the Dairygold plants in Mallow and Mitchelstown will see a phased investment of €120m as the plants are expanded to allow for the anticipated 63.5% increase in milk from 2014 onwards.
The drying and evaporation facility in Mitchelstown will be upgraded, while most of the work will go into the Mallow plant, where two additional milk dryers will be developed to deal with the additional influx of milk.
To deal with the expected volumes of milk from suppliers around North Cork, Dairygold have committed to accepting all milk post quota and, based on extensive surveys carried out over the past four years, they have forecast that by 2020, milk production will have increased by 600 million litres a year.
Thursday 12th July 6:43pm