Mona Dairy Struggles to Secure Essential Funding, Risks Closure
Source: The DairyNews
Mona Dairy, based in Anglesey, has officially announced its inability to obtain the necessary short-term funding from its major stakeholders to continue operations in its current structure. The company expressed hope for a new direction that could allow it to sustain operations, potentially under new ownership.
The company's primary shareholders, David Wynne-Finch and Ronald Akkerman, emphasized their commitment to finding a reliable solution for the 31 farmers supplying the dairy and its employees, assuring that staff would be retained as long as possible. They have arranged for an established dairy processing company to temporarily purchase milk from these farmers, ensuring they are compensated during this interim period.
Mr. Akkerman expressed deep regret over the situation, noting their efforts to establish a cutting-edge, environmentally sustainable cheese processing facility in Wales. He acknowledged the disappointment of coming so close to success only to fall short, and extended heartfelt apologies to everyone involved in the journey.
In response to the potential closure, Brian Walters, chair of the Farmers Union of Wales’ milk and dairy produce committee, remarked on the severe impact this would have on the local economy and the dairy suppliers. He highlighted the broader challenges facing Welsh dairy farmers, including adverse weather, bureaucratic complexities, and health regulations that have driven up costs significantly.
Walters also mentioned the possibility of other milk processors stepping in to support Mona Dairy's suppliers, aided by current market conditions. He called on the Welsh Government to assist in securing a favorable outcome for Mona Dairy, leveraging its sustainable practices and the economic potential of its facilities. He urged affected FUW members to seek assistance from their local county offices during this difficult period.
Mr. Akkerman expressed deep regret over the situation, noting their efforts to establish a cutting-edge, environmentally sustainable cheese processing facility in Wales. He acknowledged the disappointment of coming so close to success only to fall short, and extended heartfelt apologies to everyone involved in the journey.
In response to the potential closure, Brian Walters, chair of the Farmers Union of Wales’ milk and dairy produce committee, remarked on the severe impact this would have on the local economy and the dairy suppliers. He highlighted the broader challenges facing Welsh dairy farmers, including adverse weather, bureaucratic complexities, and health regulations that have driven up costs significantly.
Walters also mentioned the possibility of other milk processors stepping in to support Mona Dairy's suppliers, aided by current market conditions. He called on the Welsh Government to assist in securing a favorable outcome for Mona Dairy, leveraging its sustainable practices and the economic potential of its facilities. He urged affected FUW members to seek assistance from their local county offices during this difficult period.
