Greencore’s former sugar plants valued at €187m

PROPERTIES being relinquished from sugar production by the Greencore have a total market value of €187 million, according to a study commissioned by the Irish Farmers Association.

The figures relating to the former sugar processing plants in Carlow and Mallow and smaller sites at Wellingtonbridge, Co Wexford, and Ballycarrane, Thurles, Co Tipperary, were compiled by Finnegan Menton, estate agents, auctioneers, valuers and estate agents.

Under the European Union restructuring scheme, a fund of up to €145 million is available to provide compensation for the economic, social and environmental costs arising from a factory closure.