€35m Investment in Dairy Processing Facilities
RTE News reported a total of €35m is to be invested by Government and industry partners in two dairy processing innovation facilities.
The investments in a new Dairy Processing Technology Centre and in an upgrade of an existing dairy processing testing plant, are aimed at strategically positioning the sector ahead of the impending lifting of quotas.
In a little under two months, dairy quotas will be lifted for the first time in three decades, opening the door to farmers to ramp up production.
As a result, it is anticipated the milk pool will increase by 50% over the next five years.
But maximising the opportunity for the food, ingredients and nutritional sectors will require investment in research and technology.
This has led the Department of Jobs through Enterprise Ireland, along with industry partners, to invest €25m into a new Dairy Processing Technology Centre.
Hosted by the University of Limerick, the nine institutions and eight industrial producers will develop new technologies to support the growth of the dairy industry through collaboration.
Separately, Teagasc and its nine industry partners, are to inject a further €10m into Moorepark Technology Ltd in Fermoy Co Cork.
The money will be used to expand and modernise the commercially run facility which can be hired for testing new dairy processing techniques and products.
The investments were marked during an event at the Arrabawn Co-Op in Co Tipperary this morning, which was attended by the jobs and agriculture ministers, as well as representatives from the academic and industrial partners involved.
Of the €25m being invested in the DPTC, €16m is coming from the Department of Jobs through Enterprise Ireland, with the balance being given by industry.
Fifty-two high-skilled jobs will be created over the five years of the project.
While the companies involved in the MTL expansion are injecting €4m of the €10m required, with Teagasc providing the remainder.
The Dairy Processing Technology Centre consortium involves eight companies including Arrabawn Co-op, Aurivo, Carbery, Dairygold, Glanbia, Kerry, Lakeland Dairies and Tipperary Co-Op.
The nine research organisations taking part are University of Limerick, Teagasc, University College Cork, University College Dublin, NUI Galway, Dublin City University, Trinity College Dublin, Dublin Institute of Technology, Institute of Technology Tallaght & Cork Institute of Technology.
The Moorepark Technology Ltd companies are Arrabawn Co-op, Aurivo, Carbery, Dairygold, Glanbia, the Irish Dairy Board, Kerry, North Cork Co-Op and Tipperary Co-Op.
The DPTC is the latest of 15 Technology Centres funded by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland.
The programme, jointly managed by Enterprise Ireland and IDA Ireland, aims to achieve competitive advantage for industry here by connecting companies with the research community.
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