Kerry Group, the global food company founded in 1972 in Listowel, County Kerry, will this year celebrate it’s 50th year. The company has annualised revenue of approximately €7.0 billion. It is our Company of the Month January 2022, in association with KPMG.
With over 22,000 employees in locations across the world, over 18,000 food and beverage products and 148 manufacturing locations globally, the company has begun the year with the official opening of 21,500 square foot facility in Saudia Arabia which will produce sustainable food ingredients. It is Kerry Group’s largest facility in the Middle East, North Africa and Turkey region. Over the past four years, the company has invested over €80 million in the region.
CEO of Kerry Group, Edmond Scanlon, commented on the official opening; “Today’s consumer-led food revolution and the world’s environmental challenges are driving accelerated change and reshaping the entire food industry. The opening of our new facility at our Jeddah site is part of our commitment to continuing to grow our presence across the Middle East.”
Also this month, Kerry Group launched a sustainability programme, valued at €6 million, designed to provide technical and financial support to milk suppliers, helping them transition to more sustainable farming practices. According to the company, over 3,000 farming families located in the south west of the country will benefit from the initiative. The company expects the initiative will result in a significant reduction in carbon and ammonia emissions, improvements in water quality and enhanced biodiversity.
Business & Finance, Company of the Month
Business & Finance, in association with KPMG, recognises excellence in business through the ‘Company of the Month’ award. The Company of the Month award recognises the company which best demonstrates outstanding business leadership, sustainable growth, innovative strategy, strong financial returns and employee development.