The effort to diversify produce in the dairy processing sector will benefit from the €100 million capital investment programme for agri-food processing announced today (Wednesday, February 3), according to Dairy Industry Ireland (DII).
DII, which represents dairy processors, said the scheme is “very timely”, in the wake of Brexit and in advance of a new climate change bill.
Conor Mulvihill, DII’s director, said that the fund will “help continue to drive the ongoing step-change in investment in the industry as it looks to further diversify and drive up the value chain”.
Irish dairy’s diversification strategy has been developing at pace. This has accelerated since the 2016 Brexit referendum, with investments very focused on international cheeses and specialised nutrition.
Chinese telecoms giant Huawei is to create 110 new jobs in Ireland over the next two years after committing to an €80m investment in research and development.
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