Agri-Business
This morning Ornua, Ireland’s largest exporter of Irish dairy products, announced that its turnover increased by 18% to €2.1 billion in 2017.
It has been confirmed that the CEO of Ornua, Kevin Lane, will step down in mid-2018, following eight and a half years at the helm.
Dairy
Ornua plays a central role in the marketing and delivery of Irish dairy products to consumers throughout the world.
A new 5,000ft² innovation centre has recently been opened in Chicago, Illinois, by Ornua's subsidiary CoreFX.
Plenty of challenges lie ahead of the Irish dairy industry, but one of the biggest challenges on the horizon is Brexit.
Ornua is eyeing-up a milk price recovery in early-2017 as the agri-food cooperative aims to be to a "€3 billion dairy corporation" by 2020.
Ornua paid out €9.2m in directors fees and global executive pay over the last two years, it has been revealed for the first time.
The Irish milk supply increased by 13% in 2015, according to figures from the industry and it is predicted to continue increasing.
