Farm Ireland

Friday 23 February 2018

Glanbia is world's 15th biggest milk processor

Glanbia group managing director Siobhan Talbot.
Glanbia group managing director Siobhan Talbot.

Kilkenny-based Glanbia is the 15th biggest milk processor in the world, according to new figures from IFCN, the dairy research network.

The company had a milk intake of 6.1m tonnes last year.

The IFCN ranks milk processors by milk intake volume.

Glanbia's €185m Glanbia milk-processing plant in Waterford is the largest Irish-owned development since the massive electricity generator was built at Ardnacrusha in the 1920s.

The plant turns 700 million litres a year into dairy powders for export across the world.

Earlier this year, Glanbia reported the fifth year of consecutive double digit growth as its Irish dairy operations improved.

Group sales advanced 6.9pc to €3.5bn, but pre-tax profits dipped slightly to €173m.

The US took top slot in the rankings with a milk intake of 28.1m tonnes last year.

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It was followed by New Zealand's Fonterra at 22.1m tonnes and Groupe Lactalis in France with 15.1.

Glanbia is headed up by chief executive Siobhan Talbot.

Online Editors