Dairy nutrition company Volac to close facility in Ireland
Source: The DairyNews
The dairy nutrition company Volac is to close its purpose-built finishing and packing facility near Kells, in Ireland.
Volac, the dairy nutrition company, is set to close its finishing and packing facility near Kells, Ireland.
The company plans to consolidate production into its UK manufacturing facility, with the Kells facility ceasing production at the end of March 2024.
Volac assures there will be no disruption to product availability or quality in the Irish market. The move comes after a period of consultation, and the decision is part of the company's ongoing operational strategy. Volac, headquartered in Hertfordshire, reported strong market conditions in the whey protein market, contributing to its pre-tax profits of £34.8 million for the financial year ending December 31, 2022.
When it reported its 2022 annual results in July 2023 the company had warned that it expected the next 12 month trading period to be “challenging” but at the time had said that it remained “confident in the future of its business and the dairy industry”.
Volac also announced in September that it would exit a 50:50 joint venture, MV Ingredients, with Arla Foods.
MV Ingredients, based in Devon, produces permeate powder sold by Volac and liquid whey protein concentrate sold to Volac.
The company plans to consolidate production into its UK manufacturing facility, with the Kells facility ceasing production at the end of March 2024.
Volac assures there will be no disruption to product availability or quality in the Irish market. The move comes after a period of consultation, and the decision is part of the company's ongoing operational strategy. Volac, headquartered in Hertfordshire, reported strong market conditions in the whey protein market, contributing to its pre-tax profits of £34.8 million for the financial year ending December 31, 2022.
When it reported its 2022 annual results in July 2023 the company had warned that it expected the next 12 month trading period to be “challenging” but at the time had said that it remained “confident in the future of its business and the dairy industry”.
Volac also announced in September that it would exit a 50:50 joint venture, MV Ingredients, with Arla Foods.
MV Ingredients, based in Devon, produces permeate powder sold by Volac and liquid whey protein concentrate sold to Volac.
23.09.2024
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