Beingmate are one of the largest global manufacturers of baby infant formula in the world. In 2013 it set up its first overseas subsidiary in Cork following the signing of a memorandum of strategic partnership with Kerry. Kerry has been one of the top suppliers to Beingmate for many years.
According to our agribusiness editor Eoin Lowry, in the last year Beingmate Ireland has seen a threefold increase in Irish turnover as revenues increased from €9.5m to €33m in 2015. The Irish limited company spent €31.8m purchasing mainly ingredients for infant formula.
The large New Zealand dairy company Fonterra also …
Source: FarmersJournal
Link: http://www.farmersjournal.ie/chinese-dairy-processor-beingmate-plans-to-invest-more-money-in-ireland-225060