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Lakeland Dairies: A Leading Player in the Dairy Industry

Company Name: Lakeland Dairies

Location: Headquartered in Cavan, Ireland, with operations extending throughout Ireland and Northern Ireland.

Financial Indicators

According to the 2021 annual report, Lakeland Dairies showcased robust financial health, with revenues surpassing €1 billion. This reflects a high market demand and effective operational strategies amidst a competitive global environment.

Significant Events

The cooperative announced an increase in milk prices for various months in 2022, including a price rise for August milk supplies by 1.25c/L and setting the September price at 49c/L. For October, the base milk price was adjusted to 49.6c/L with a Sustainability Incentive Payment. These decisions highlight the cooperative's support for suppliers amid favorable market conditions. For November, the price remained stable with an additional 3c/L payment for out-of-season eligible farmers. Recent announcements include a stable milk price for December with loyalty payments and a 0.8cpl bonus for 2024 supplies.

Leadership

Previously led by CEO Michael Hanley, Lakeland Dairies is now under the leadership of CEO Colin Kelly. His strategic foresight is aimed at guiding the cooperative towards achieving higher milk prices by 2025 despite market volatility.

Future Plans

Looking ahead, Lakeland Dairies is committed to sustaining growth through expansion and innovation. The cooperative plans significant investments in sustainable practices and technological advancements to enhance its product offerings and strengthen market relationships.

Industry Role

Lakeland Dairies plays a pivotal role in the dairy sector, processing two billion liters of milk annually from 3,200 farm families across 17 counties. The cooperative emphasizes quality, sustainability, and innovation, marking it as a key player in the global dairy market.

Recent Developments

Lakeland Dairies confirmed maintaining its January base price with incentives. For more detailed financial insights and updates, stakeholders should refer to the cooperative’s official communications and annual reports.

Modified: 2025/03/11