Five-year development plan for Dairygold

A STRATEGIC five-year development plan is being prepared for Dairygold, the food processing co-op whose operating profits plunged by 80% last year.

In a wide-ranging interview yesterday, new chief executive Jerry Henchy said the plan would be ready by next March.

Mr Henchy said Dairgold was "obviously running a business model that is not sustainable. It has become obvious when markets are low, but we have to assume going into the future that there is not going to be bounce-back, or if there is, it is going to be short-lived. We are going into more difficult times with less European supports".