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Thursday 19 October 2017

Aldi spends €700m with Irish suppliers

FarmIreland Team

FarmIreland Team

A new economic report has highlighted that Aldi has made a capital investment of more than €1.2 billion in Ireland since entering the market in 1999. 

In 2016 Aldi spent over €700m with Irish producers, manufacturers and suppliers. Over 50pc of sales come from products sourced from Irish based suppliers. 

According to Aldi, for every €100 in direct GDP generated by Aldi, an additional €350 of GDP contribution was generated in the wider economy in 2016.

The report concludes that, in 2016, Aldi contributed to the generation of more than €1 billion to Gross Domestic Product (GDP) in the Irish economy through job creation, spending with Irish-based businesses, tax contributions and capital investment.

This is set to grow to €1.2 billion annually by 2020 as Aldi further expands throughout the country.   

The report “An economic impact assessment of Aldi in Ireland”  by economics consultancy Cebr charts the rise of Aldi from opening its first two stores in 1999 in Dublin and Cork through to the 129 stores across 26 counties that it operates today.

Aldi’s average capital investment since 2005 has been €75m annually, with a recent peak of €114m in 2013.

Commenting on the economic report Aldi Group Managing Director Giles Hurley said spending over €700m with those companies last year has a real impact in many rural economies.

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