Glanbia PLC said Friday that it in advanced talks to build and operate a new cheese and whey production facility in Michigan, U.S.
The Irish nutrition and ingredients group said it is in advanced discussions with Dairy Farmers of America Inc., Michigan Milk Producers Association and Foremost Farms U.S.A to create a stand-alone joint venture for the new production facility.
Under the proposed venture, the three dairy cooperatives would supply all milk required by the plant while Glanbia will have full responsibility for all aspects of the business. The joint venture will be 50% owned by Glanbia and the balance will be owned by the three dairy cooperatives.
Commissioning of the new facility is expected to take place in the second half of 2019. The facility is estimated to process 3.6 million liters of milk per day.
By Tapan Panchal
In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.
Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.