date:Jul 13, 2012
ting dryer at Mitchelstown will also be upgraded as a part of the project.
Dairygold noted that apart from the 120m investment, an extra 50m would be needed as working capital to cater to the additional product volumes with long lead times before customers make their payments.
To fund the increase in working capital, the co-operative plans to utilise member funding mechanisms including loan note, revolving fund, minimum shareholding and deferred payment.