date:Apr 21, 2014
The Irish Dairy Board (IDB) has published a review of its 2013 performance. Turnover increased 5% to over 2.1 billion, with EBIT up 25% to 25.8 million.
The IDB also announced details of a new 30 million investment that will create 50 new jobs in Mitchelstown, Co. Cork. The 50,000 tonne capacity, fully integrated butter production and packing facility will also serve as an innovation centre for Kerrygold which has ambitious expansion plans post the abolition of milk quotas in 2015.
Among the