The UK’s leading dairy drink business has announced details of their investment plan of £20m. Having invested £34 million since 2013, Crediton Dairy have been working hard to create a significant progress in creating a high-quality product range of milk drinks, creams, and ice coffees.
With their second major investment of 12m back in 2019. The new investment plan is set to focus on upgrading Crediton Dairy’s production process and improve their carbon reduction with installations of new effluent treatment and water recycling plants. As well as reducing their gas and electricity.
Crediton Dairy’s shift toward an environmentally friendly production system comes in line with their core principles.
To limit their environmental impact they have stated: ‘by 2025 in line with Dairy UK industry standards’ they will have a 30% reduction in carbon related energy use and water consumption. As well as a 20% reduction in chemical oxygen demand and a 0% waste to landfill.
The proposed reduction in emissions and wastage should be catalysed by the newly announced investment plan to maximise their recycled content whilst minimising carbon impact.
As well, with the ongoing effects of the pandemic, the dairy industries costs became increasingly high for another challenging year, which resulted in a higher turnover in 2022 of £114.1m from £101.5m back in 2021.
Tim Smiddy, the managing director has stated: “In the light of increasing demand for our product portfolio we are confident about the long-term prospects for the dairy drinks sector and the role that we, as a focused and flexible, independent, added value business, can play within it.”
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