Origin Enterprises Chief Expects Thriving Dairy Production Post-Brexit
CEO of Origin Enterprises, Tom O’Mahony, believes that production by Irish dairy farmers will continue to grow after Brexit through the securing of new markets.
O’Mahony told the Irish Independent that he was “hugely confident” that Irish farmers will adapt to the major changes ahead.
"Our competitive advantage is grass-based production of milk and dairy," he said.
"We believe production will actually grow. It's gone up almost 50pc already, from 5.5 million litres to 7.3 million litres […] There is probably more to go on that.”
As part of its own preparations, O’Mahony revealed to the news site that his company has stockpiled almost €10 million worth of agri products in the UK.
“A lot of our focus in the short-term has been on the supply chain, making sure that we're able to service our customers,” he said.
“We have to make sure we have the inputs available.”
The statement comes as the company released its interim results for the first half of its financial year, where it posted a 19.5% increase in revenue to €701.6 million.
The group acquired Brazilian company Fortgreen in August, purchasing a 65% stake in the specialty nutrition and crop inputs business.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.