Glanbia Announcement

SBWife

Glanbia are building a new plant which will employ 76 people when built. Government announce it'll result in over 1,600 new jobs. Usual math is about .8 indirect for each direct, anyone any idea how they're coming up with the 1,600?

gaius c

They include the temp construction jobs too? [/guessing]

It's good news though. This is something that can't get outsourced to Poland.

Nody

gaius c wrote: »

They include the temp construction jobs too? [/guessing]

It's good news though. This is something that can't get outsourced to Poland.

You think moving some machines to Poland is impossible?

SBWife

450 temp construction jobs, still a long way short of over 1,600.

squod

SBWife wrote: »

, anyone any idea how they're coming up with the 1,600?

They're including dairy cows.

gaius c wrote: »

This is something that can't get outsourced to Poland.

Staff can.

SBWife

squod wrote: »

They're including dairy cows.

You know that actually makes more sense than allot of the stuff that gets posted on this forum.

gaius c

Nody wrote: »

You think moving some machines to Poland is impossible?

Margins are tight in dairy. You need the plants processing the produce to be close to the source of the fresh produce. Remember dairy is all about low value but high volume. The cost of shipping it to Poland would be astronomical and outweigh any cost saving of operating the plant there.

Nody

gaius c wrote: »

Margins are tight in dairy. You need the plants processing the produce to be close to the source of the fresh produce. Remember dairy is all about low value but high volume. The cost of shipping it to Poland would be astronomical and outweigh any cost saving of operating the plant there.

Let me introduce you to Germany which has a noticeable dairy farming industry.

Tipp Man

The 1600 is probably made up of the permanent jobs of 76, associated jobs of maybe a hundred, a few hundred in construction (cost close to 150m) and the the additional jobs created in the dairy industry (farms) to supply the plant with milk - no idea how many that will entail but the amount of milk produced in the country is expected to increase by 50% over 2010 levels so you would have to imagine that will lead to a good few farming jobs

Not sure what the negativity and snideness of a few posts is about - this will NOT be transferred to Poland or anywhere else - It is built by an Irish Coop to process Irish milk for export - It creates Irish jobs for a product that will 100% be exported - so creating employment and improving our balance of payments further - end of story

SBWife

Glanbia is not a co-op, it's a PLC. The Glanbia Coop used to have a large shareholding in the PLC but the remainder of this was distributed to farmers earlier this year. The company is the same as Ryanair or Paddy Power or any other listed company.

L1011

They appear to be factoring in assumed jobs & supporting jobs from the required increase in dairy production.

Thought it was Glanbia making the 1,600 claim rather than the Govt though

gaius c

Nody wrote: »

Let me introduce you to Germany which has a noticeable dairy farming industry.

How does that address the point I made?
Processing of fresh dairy produce needs to be geographical closer to where it is produced. To say Germany is closer to us than Poland is splitting hairs and to say that they have a dairy industry themselves is avoiding the point altogether.

Tipp Man

SBWife wrote: »

Glanbia is not a co-op, it's a PLC. The Glanbia Coop used to have a large shareholding in the PLC but the remainder of this was distributed to farmers earlier this year. The company is the same as Ryanair or Paddy Power or any other listed company.

You couldn't be more wrong I'm afraid

The company building this new plant in Waterford is GII, glanbia ingredients Ireland, a spin off company from the vote last year which is 60% owned by glanbia coop and 40% owned by Glanbia plc, with the future option that this company will be 100% coop owned

Now after the split last year glanbia coop still owns 41% of glanbia plc, so when you factor this in it is fair to say that the coop owns more than 3 quarters of this new company and new facility in Waterford

nice_guy80

watch with interest, as they shut down or move existing plants

Tipp Man

nice_guy80 wrote: »

watch with interest, as they shut down or move existing plants

Ah no, this is to process new milk once the milk quota is ended in 2015

Current processing facilities will still be used

Pete_Cavan

According to their homepage;

"CCTV America", a schedule of daily programming originating from a production center and new studios in Washington, DC. It aims to inform, engage, and provide debate on a range of issues of relevance to American and global viewers with a particular interest in China and Asia, and highlight coverage in underrepresented regions of the world with diversified perspectives and alternative views.

Interesting that the announcement made news not only outside this island but also outside of Europe. They also carry the story that Irish farmers face feed crisis (video; skip to 4:48). It shows how important major economies consider Irish farming to be to them.

gaius c

Remember that contaminated babyfood scandal in China? That's why all that babyfood industry is staying in western countries now.

Something to be mindful of the next time we have a pork scandal.

nice_guy80

Tipp Man wrote: »

Ah no, this is to process new milk once the milk quota is ended in 2015

Current processing facilities will still be used

and you believe that?

gaius c

nice_guy80 wrote: »

and you believe that?

Do you have anything to add to this thread other than wild-eyed speculative nonsense?

Tipp Man

nice_guy80 wrote: »

and you believe that?

Do you actually have a clue what you are talking about? Because it seems like you don't

maninasia

Pete_Cavan wrote: »

According to their homepage;

Interesting that the announcement made news not only outside this island but also outside of Europe. They also carry the story that Irish farmers face feed crisis (video; skip to 4:48). It shows how important major economies consider Irish farming to be to them.

I doubt they consider Ireland very important, but it is true that this facility has a very large market in developing countries.

Tipp Man

maninasia wrote: »

I doubt they consider Ireland very important, but it is true that this facility has a very large market in developing countries.

Why wouldn't they consider us important? Their exports aren't that far ahead of ours considering we are still operating in a quota situation and if we expand as much as is possible we will overtake the USA on the world export market (in terms of value at least)

http://agriexchange.apeda.gov.in/product_profile/Major_Exporing_Countries.aspx?categorycode=0404

maninasia

Fair point, in terms of a valued dairy export nation we ARE important, especially as supplies of milk powder are limited as demand as surged for European, Australian and New Zealand origin dairy products.

Tipp Man

Dairygold going to do a similar type of investment also - not sure if it's announced yet or not

Can only be good news for the irish economy - despite the crap that a couple want to write on here