Ornua has published its full-year results for 2015, which shows a 9 per cent increase in turnover at €2.5 billion for the year. Its annual members' bonus increased by 17 per cent to €14 million, while an additional cash bonus of €15 also announced. This was declared from the gain on the disposal of a majority stake in Ornua’s US distribution business, DPI Specialty Foods, in late 2015. This brings the total bonus for the period to €29 million.
Articles Tagged ‘Ornua’
Speaking today at the official opening of Ornua’s Kerrygold Park butter-packing plant, which is expected to produce 5,000 tonnes of butter annually, IFA National Dairy Chairman Sean O’Leary said this is an important investment for the entire Irish dairy sector, and it must be fully utilised to leverage stronger and more stable returns for the benefit of farmers for the long term.
The latest developments in dairying internationally are being discussed in Dublin this week, as the International Dairy Federation (IDF) conference opened this morning (Monday, April 11). The conference is sponsored by Ornua, Ireland's largest exporter of Irish dairy products.
Ornua has announced that John Jordan will succeed Kevin Lane as chief executive on June 30, 2018.
Minister for Agriculture, Food and the Marine, Simon Coveney, has concluded his promotional tour of Irish beef and dairy in Chicago.
The National Dairy Council (NDC) has hosted a seminar on “Quality as an Essential Component of Export Development” in the Park Hotel Dungarvan, with a farm walk hosted by Teagasc taking place on the dairy farm of the Power Family, winners of the 2016 NDC & Kerrygold Quality Milk Awards.
The Ornua Board has decided that no immediate reintroduction of the monthly Ornua milk levy will take place.
The milk levy was suspended on May 1, 2016. It was agreed at that time that the Ornua Board would reconsider the suspension of the milk levy when the Ornua Purchase Price Index (PPI) returned to 103 (30.5 cent per litre [cpl] including VAT) for three consecutive months.
Ornua, Ireland’s largest exporter of Irish dairy products, has opened a new cheese manufacturing facility in Riyadh, Saudi Arabia.
Ornua has announced that it will acquire a UK cheese business in the latest in a series of investments. Ireland’s largest exporter of Irish dairy products has signed an agreement to acquire F.J. Need (Foods) Limited, a Cheshire-based cheese ingredients company. Established over 40 years ago, the family run cheese company includes a cheese cutting, grating and slicing facility, two cheese brands and a distribution fleet.
Ornua has announced that, following the recent successful disposal of DPI Specialty Foods (DPI), it will pay an additional cash bonus of €15 million to its member suppliers, Ireland’s dairy processors.
Ornua has announced that it will suspend its monthly milk levy from May 1, 2016.
The Irish Dairy Board has unveiled its new global corporate identity, 'Ornua – the home of Irish dairy,' on the eve of EU milk quota removal.