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Thu 03 Mar 2009Hard year ahead as Glanbia expects customer fall-off
DAIRY GROUP Glanbia warned that 2009 would be a tough year for the business after global demand for dairy products “weakened considerably” last year from their previous high levels and deteriorated further in the last two months.
Group managing director John Moloney said the company would concentrate on paying down debt this year and would not be making any major acquisitions, following the purchase of US sports nutrition firm Optimum Nutrition for €217.9 million last August.
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