Glanbia keep door open for Dairygold
Glanbia has not ruled out the possibility of some form of link up or co-operation with Dairygold to deal with expanding milk supplies post 2015.
Last week Glanbia announced outline plans for a joint venture between the dairy co-op and plc to create a new entity that would develop a processing facility at Belview Harbour near Waterford Port.
However, the head of Glanbia's Dairy Ingredients Ireland arm, Jim Bergin, said this move did not close the door on the possibility of working with Dairygold or other dairies on milk processing.
The fact that both processors were pressing ahead with their individual plans was "not a bad contingency", Mr Bergin maintained.
Planning for the Belview development is being lodged later this month and should be cleared in nine months even if it goes to An Bord Pleanála, Mr Bergin predicted.
He expressed confidence that the proposed facility, which is to include two 7.5t/hour driers, would be built and commissioned by the last quarter of 2014 or early 2015 at the latest.
Mr Bergin said the venture would cost in the region of €150m to €200m. He said this would include the working capital associated with the expected growth in milk supplies.