GII plan €8m spend in Cavan
Glanbia Ingredients Ireland (GII) is set to expand in both the northeast and southeast over the coming months, with multiple announcements from the processor over the past week.
The processor's Virginia, Co Cavan plant is set to receive a €9m investment over the coming months to build a milk protein concentrate unit.
Production is expected to commence in early 2015 and the output will be targeted at medical nutrition markets across Asia, the Middle East and Africa.
"We installed our first milk protein concentrate unit in Ballyragget three years ago and that has opened up doors for us into very valuable niche markets that are increasingly looking to dairy for their protein requirements," said GII's strategic development director, Sean Molloy.
"Because these markets are very specialised there are very high barriers to entry, which makes it difficult for competitors to come into this space."
While this unit will not significantly increase the overall milk-processing capacity of the Virginia plant, Mr Molloy stressed that it would displace some of its enriched milk powder (EMP) production to the new site in Belview.
"This is another huge growth sector for us, especially in markets such as West Africa," he said.