Dairygold restructuring plan ‘ready by March’

THE strategy to deliver Dairygold’s vision of being Europe’s leading company in terms of real value-added milk is expected to be finalised by March.

Jerry Henchy, chief executive of the 1 billion a year turnover co-op, revealed the timescale at the Teagasc national dairy conference, attended by 700 people in Cork yesterday.

He said Dairygold will look internally to see how best to upgrade some of its assets to move from four processing sites to two or perhaps one. It will benchmark the capital cost of all investments against acting in a federated co-operative processing manner with fellow processors.