Sector News

Glanbia in negotiations to expand New Mexico operations

November 4, 2015
Food & Drink

Food group Glanbia is in advanced discussions on a new $140 million project with its US joint venture partner South West Cheese.

The project, which will take two years to complete, will boost production at its cheese and whey production plant in New Mexico by 25 per cent.
Whey is the chief component in Glanbia’s fast-growing sports nutrition business.

The Kilkenny-headquartered company is now ranked as the biggest global player in the market.

In a trading update, the group said revenue was up 9 per cent over the first nine months of the year.

This was driven by a strong performance in sports nutrition division, the company said.

Managing director Siobhan Talbot said the outlook for the remainder of 2015 was positive.

She also reiterated the company’s full-year guidance of adjusted earnings per share growth of 9- 11 per cent on a constant currency basis – if exchange rates remain at current levels for the rest of the year.

Source: Irish Times

Related News

April 17, 2021

Ramadan fasting during COVID-19: Experts weigh in on immunity research

Food & Drink

Fasting during the COVID-19 pandemic brings new considerations, but a recent research review from the University of Doha, Qatar, suggests fasting during Ramadan may have a positive impact on immunity strength.

April 17, 2021

Unilever packaging director: E-commerce boom provides opportunities for new refillable packaging formats

Food & Drink

Ahead of the Rethinking Materials Summit (19-20 May), PackagingInsights sits down with Hugo Menilo, Unilever’s global foods packaging director to discuss their explorations in bio-based packaging, advanced recycling, refillable e-commerce solutions and more.

April 17, 2021

Heineken pledges carbon neutrality across value chain by 2040

Food & Drink

The announcement marks the first in a series of refreshed Brew a Better World ambitions, which form part of the company’s new EverGreen growth strategy.

Send this to a friend