Posted on Friday 21 February 2014 by Ulster Business

Fane shrunk

Trevor Lockhart, Fane Valley Chief Executive, right, pictured with Jim Henning, Managing Director, Fane Valley Dairies.

Banbridge milk processor Fane Valley Dairies, which specialises in milk powders and butters, has won new business worth more than £40m in China, Indonesia, Algeria, Venezuela, Cuba and Europe.

The company, which is the dairy processing division of Armagh-based Fane Valley Co-operative, already exports products to over 25 countries. It said the new contracts are a reflection of the strong demand for dairy products in developing economies around the world.

Announcing Fane Valley's latest export achievements, Trevor Lockhart, Fane Valley Chief Executive, said: "We are now seeing the evidence of the expected rise in demand for quality dairy products driven by population growth, rising incomes and an associated change in dietary intentions especially within the rapidly rising middle class in China and Asia.

"This has presented new opportunities to exporters such as Fane Valley Dairies and Northern Ireland as a region. Our ability to provide assurances around the integrity of our supply chains including product safety and traceability are key elements which have strengthened the excellent reputation of the Mourne Maid range of powder ingredients and butterfat products.

"The development of our own direct supply milk pool and a programme of on-going investment in the quality and functionality of our products have been particularly important in underpinning these credentials with customers which has in turn enabled us to win more business.

"Whilst ultimately future market returns will be dictated by the extent to which the growth in supply and demand can be kept in balance overall the future prospects for dairy ingredients both in Europe and around the world looks very encouraging," added Mr Lockhart.

Fane Valley Group, a farmer owned co-operative, has interests in dairy processing, red meat, feed compounding, agricultural supplies, breakfast cereals and renewable energy, operating across Europe.

Formed in 1903, Fane Valley remains 100 per cent farmer owned by 1,800 local farmers. The company now has a turnover in excess of £450m, with over 2,100 employees at sites in Northern Ireland, Republic of Ireland, England and Belgium.

Fane Valley Dairies has its roots in milk processing stretching back to 1933. It was acquired by Fane Valley Co-Operative in 1992 and continued to grow steadily in both local and international markets.

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