Ornua to invest €250m globally

Ornua is to invest €250m in overseas acquisitions from now to 2020 developing markets for Ireland’s soaring post-quota milk output.

The marketing body for Irish dairy has spent €200m in the past six years on mergers and acquisitions in key target markets. Ornua recently acquired Ambrosia Dairy, its first manufacturing base in China.

Ornua has also opened a new €20m cheese manufacturing facility in Riyadh, Saudi Arabia. The facility will produce white cheeses for the Saudi Arabian market, one feature of which will be a pilot kitchen built at Teagasc Moorepark and shipped to Saudi Arabia.