MEDIA RELEASE
Global Dairy Trade (GDT) is excited to announce that European seller Solarec is joining GDT, with the potential of offering a range of dairy ingredients including Butter, Skim Milk Powder (SMP), Whole Milk Powder (WMP) and Mozzarella (MOZZ).
Solarec, 100% owned by 5 cooperatives (Laiterie des Ardennes accounts for 90%), is mostly a B2B dairy producer based in the fertile and diverse Belgian Ardennes. Solarec transforms 1.55 billion litres of milk annually from two production sites (Recogne and Baudour) into 110,000 tonnes of milk powder, 50,000 tonnes of butter, and 190 million litres of UHT milk. Recently, the company has added mozzarella to its product range, with a potential annual production of 32,000 tonnes. They supply products to more than 80 countries on all five continents.
Solarec Managing Director, Louis Ska, said, “Joining GDT allows us to obtain credible reference prices for our products on an efficient and reliable platform. It also provides us with access to a worldwide pool of active buyers. This fits well with our strategic plan and the aspirations of our shareholders.” Solarec Sales Director, Geoffrey Paulus, said, “We are pleased to be partnering with GDT to help meet global demand and trusted dairy standards.”
Global Dairy Trade’s Managing Director Europe, Shaun McCauley, said he is delighted that Solarec sees the potential in leveraging the GDT Events platform to expand their business and gain access to new customers around the globe. “We are proud to support Solarec as they grow to meet the future of dairy,” he said.
“Solarec will benefit from enhancements to the GDT platform designed to better meet the needs of European participants. These enhancements will not only benefit Solarec, but also the broader European dairy industry, as they will facilitate increased price transparency for a wide range of core European dairy ingredients to be offered on our world-leading price discovery platform,” McCauley said. “Our strategic shareholding partnerships with EEX, NZX, and Fonterra further strengthen our position in supporting the growth of dairy risk management instruments, ultimately benefiting Europe as a whole,” he said.
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For further information, contact:
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Solarec Geoffrey Paulus - Sales Director Phone: +32 (0) 479 212 430 Email: g.paulus@solarec.be |
GDT Europe - Sales Enquiries Billy Quinn – SVP Global Sales Phone: +353 83 415 0775 |
About Solarec
Located in the heart of Europe, in the Belgian Ardennes, Solarec has 58 years’ experience in the milk sector, and processes more than 1.5 billion litres of milk each year, supplying high-quality products throughout the world.
For more information, visit https://www.solarec.be/
About Global Dairy Trade
Global Dairy Trade (GDT) is the world leader in developing and operating dairy trading platforms, and actively supports the development of efficient dairy derivative trading. The GDT Events auction service is the world’s pre-eminent price discovery platform for globally traded dairy products, bringing together buyers and sellers of dairy ingredients from 60 countries to trade US$2-3 billion annually. GDT’s credible, market-based reference prices play an important role in allowing buyers and sellers to trade with confidence in global and regional dairy markets. Data generated from the auction process is available through our GDT Insight subscription service to support the global dairy industry and associated financial trading.
GDT Media Requests contact:
Meredith Reeves – GM Marketing
Phone: +64 22 322 7527
Email: Meredith.Reeves@globaldairytrade.com
