First Milk Well Positioned To Ride The Market Waves

First Milk, Britain's largest dairy farmer co-operative, held its AGM conference in West Wales on Monday and Tuesday (3 and 4 November 2008).

The event began with a dinner at the Pembrokeshire Showground, where Wales and British Lions legend Gareth Edwards entertained over 420 attendees with stories from his sporting and broadcasting careers.

The following morning, Elin Jones, minister for rural affairs in the Welsh Government opened the business conference. This was followed by presentations from members of the Board and Executive team, and formal AGM business.

Speaking at the conference, Richard Greenhalgh, First Milk's chairman, said:

"Everyone will recognise that the economic and market environment we are operating in has changed significantly over the past few months. However, we have taken these challenges and opportunities in our stride and positioned ourselves to ride the waves.

"While our business strategy remains unchanged, we have demonstrated flexibility and nimbleness to reshape our business and our product range to focus resources where it matters most. I am convinced that the challenging market conditions create opportunities for well-placed companies like First Milk."

Notes to Editors

First Milk is the largest dairy farmer co-operative in the UK. Its members' farms stretch from Central Scotland to the South of England and from West Wales to East Anglia.
The business has three divisions: Milk Operations; Cheese and Ingredients.
Milk Operations handles approximately 1.8 billion litres of milk per annum from around 2600 producers. The milk is supplied to First Milk's cheese business and to many of the leading names in the industry.
The First Milk Cheese Company is the largest UK-based cheese supplier.
First Milk's Ingredients business supplies a range of customers with milk powder and whey products for foods including protein drinks, bakery, ready-meals and confectionery products.

Contact for further information:
Paul Flanagan, Group Communications Director, Mobile: 07767 241452