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Glanbia PLC - Glanbia strategic investment.
(From AFX CNF)
RNS Number:9782M Glanbia PLC 30 November 2006 Glanbia plc announces strategic international investment. 30 November 2006 - Glanbia plc, the international dairy foods and nutritional ingredients Group, today announced two new strategic investments to further expand the Groups international market reach. Glanbia is to invest a total of a27.1m in its joint venture consumer foods business in Nigeria and in a new nutritionals facility near Shanghai in China. In 2003 Glanbia established a 50:50 joint venture with PZ Cussons plc supplying evaporated milk and milk powder to the Nigerian market. The joint venture currently has a packing facility for milk …
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