Dairygold is to create 115 full-time jobs by 2020 following a €117m investment in its dairy processing facilities at Mallow and Mitchelstown in Co Cork.
The expansion is also expected to create 400 temporary construction jobs.
The investments are supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland.
It is envisaged that the expansion will also lead to a number of additional jobs in farming and indirect activity related to the company's output.
The investments are the result of the abolition of milk quotas from next April which will enable the dairy sector to expand.
Dairygold is a farmer-owned dairy co-operative, which processed over 960 million litres of milk in 2013, exporting to more than 50 countries.
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