NEW ZEALAND: Fonterra Darfield plant receives NZ$300m investment
By Michelle Russell | 15 March 2012
 |
Fonterra's second dryer would have double the processing capacity of the first |
Dairy giant Fonterra is investing NZ$300m (US$244.1m) in the development of a second milk powder drier at its facility in Darfield, New Zealand.
The drier, which will supply milk powder to markets including the Middle East, South East Asia and China, is expected to be operational by 2013. Work on the development will begin in the next few months.
Fonterra trade and operations manager Gary Romano said the second dryer would have double the processing capacity of the first. It would enable the Canterbury site to process an extra 4.4m litres of milk per day.
"Our Darfield site has always been about future proofing Fonterra's operations for milk production growth in the South Island. Since we first announced plans for Darfield in 2009 we've seen even more increases in the regions than anticipated," he said.
"At this rate the first drier will be full within a few years so we need to act now to help meet the existing demand and further growth."
Around 60 jobs will be created as a result of the investment, adding to the current team of 100.
Sectors: Dairy
Companies: Fonterra
View next/previous articles
15 Mar 2012 -
Currently reading -
NEW ZEALAND: Fonterra Darfield plant receives NZ$300m investment
15 Mar 2012 -
15 Mar 2012 -
Related research
Fonterra Co-operative Group in Ingredients (World)
Fonterra Co-operative Group is one the world’s largest dairy companies. It produces both ingredients (speciality and bulk) and consumer goods for a global market. The majority of its milk supply comes from its co-operative of farms in New Zealand. Ho...
Dairy in Chile industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players in...
Yoghurt in New Zealand is mature and consists of a wide range of products. Innovative products including characteristics such as reduced fat, no added sugar and added probiotic cultures are increasingly popular due to the continued trend towards heal...
Related articles
NZ: Fonterra cuts 2012/13 profit forecast
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand.
There are currently no comments on this article
Be the first to comment on this article