Glanbia will meet market expectation, AGM told

Glanbia is focusing development on consumer foods, food ingredients and nutrutional food business, the company's AGM was told today.

Addressing shareholders today, Group managing director John Moloney said the Group expects to meet market expectations for the full year despite trading challenges in the first half of the year, principally in agribusiness and its Irish milk processing businesses.

Chairman Tom Corcoran added the Group is on target to complete two major strategic international dairy processing investments.

Milk powder production has commenced in Nigeria in the Glanbia joint venture with PZ Cussons and the major cheese and whey processing joint venture in New Mexico is on track to being commissioned at the end of the year.