Aurivo Opens New Dryer as Part of €48 Million Investment Programme
Aurivo, which is one of Ireland’s leading co-operatives, with businesses in Consumer Foods, Dairy Ingredients, Retail Stores, Animal Feeds, and Livestock Trading, has opened a new dryer at its site in Ballaghaderreen, County Roscommon. The investment will boost Aurivo’s dairy ingredients capacity by 55%, and allow it to produce over 60,000t of milk powders for international markets, and 15,000t of butter annually.
The new facility is highly energy efficient, and uses bulk renewable natural gas as its heat energy source. It is the first manufacturing facility in the country to harness this type of energy. Aurivo Dairy Ingredients produces enriched powdered milk and bulk butter that are exported to over 50 countries globally.
Pat Duffy, Chairman of Aurivo, said: “This investment would not be possible without the support of Aurivo’s milk suppliers, who continue to supply premium quality milk as well as continued financial support through share standard. The new dryer will ensure that the future generations of farming families’ suppliers and employees are in a safe, well-governed co-op and that all milk produced in this region will be processed to the highest standards for our numerous markets around the globe.”
Aaron Forde (pictured), Chief Executive of Aurivo, commented: “This is an example of our growth strategy in action and plays an important role in achieving our goal to grow Aurivo by 25% to a 500 million litre milk business over the next three years. This is well on track. The opening, aligned with other investments, are a central part of growth plan for the business, ensuring that we continue to be well positioned to effectively leverage international market expansion potential.”
Aurivo has invested €26 million in expanding its dairy ingredients plant at Ballaghaderreen as part of a wider €48 million investment plan, incorporating a range of projects across the Irish co-operative’s Dairy Ingredients, Consumer Foods and Agri businesses. The expansion programme is scheduled for completion by the end of 2022 and is designed to ensure that Aurivo is well-positioned to take advantage of future market opportunities.
