Dairygold pledge not to waste cash

DAIRYGOLD will not rush to invest farmers’ money in new processing facilities until it has exhausted all “brown-field” options, according to chief executive Jim Woulfe.

Speaking at yesterday’s Teagasc National Dairy Conference in Cork, Mr Woulfe said his board is assessing Dairygold’s existing production capacity, and will publish the findings of its ongoing viability study before the end of the first quarter in 2012.

“We must first look at Mitchelstown and Mallow, where we are already achieving 17% to 18% production increases,” said Mr Woulfe. “We are conducting extensive feasibility studies on the production situation post-2015.