Norway’s biggest dairy co-op is to spend €77m on a new plant in Mogeely, Co Cork.

The plant will be located at the Dairygold site and have the capacity to produce up to 20,000t of the Norwegian cheese brand Jarlsberg.

The planned investment is subject to planning, but has been welcomed by Minister for Agriculture Michael Creed.

“This investment will represent another endorsement of the Irish dairy sector and our ambitious plans to meet the demands of a growing world market for safe and sustainably produced dairy,” he said.