During the Irish trade mission to China this week Glanbia announced the conclusion of trade agreements which brings to 9,000 tonnes the volume of dairy and nutritional ingredients being supplied by the Group to China.
And Glanbia Dairy Ingredients Ireland, Ireland’s leading milk processor, launched a whey protein brand for the Chinese infant formula market. Speaking in Nanjing, Minister for Agriculture, Food and the Marine, Mr. Simon Coveney TD officially launched ‘Avonol’ a whey protein concentrate powder with protein levels of up to 35%.
With the conclusion of agreements reached this week and including the Avonol range, Glanbia will sell over 9,000 tonnes of ingredients into China this year. The Group which has a long history of selling into China, sells directly to customers from a trading base in Shanghai and is continuing to grow its presence in the region. Since 2008 Glanbia Nutritionals also has a premix manufacturing facility in Suzhou where it manufactures a range of vitamins, minerals, and a large number of other nutraceuticals for infant formula, as well as food and supplements customers in China. The Group generated revenue of n115 million from the Asia Pacific region in 2011, where it currently employs 60 people of which 45 are in China.
Minister Coveney congratulated Glanbia and said it was heartening to see a leading Irish dairy company making such positive progress in the Chinese market. These very significant trade agreements are indicative of the foresight of Glanbia in developing strategic business opportunities in China, but also reflect the potential for growth in a market that values the kind of exacting standards of food safety and quality that Irish dairy and other agri food products can deliver. Glanbia’s success in China is hugely encouraging for other Irish food businesses, and I congratulate the Group on its initiative and wish the business every success in its efforts to grow the business and add value to the produce of Irish farmers in China and elsewhere”.