Australian dairy co-op Murray Goulburn is looking to build on the business it does in Asia with a series of capital investments.
Murray Goulburn failed in a bid to buy local rival Warrnambool Cheese and Butter Factory last year, a move it made with an eye on international markets.
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The company is expanding its production in Australia of cheese, infant nutrition and dairy beverages.
It will spend A$74m (US$68.8m) at its site in Cobram in Victoria on building a cheese cutting and wrapping facility to supply consumer and foodservice customers in Australia and Asia.
In a second project, Murray Goulburn plans to spend a further A$38m on expanding its infant nutrition production at Cobram and another facility in Koroit, also in Victoria.
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The company has also lined up A$14m for a bottle filling line at a plant in Edith Creek in Tasmania. Murray Goulburn said it was looking to “commercialise a range of dairy beverage products for consumer markets in Australia and Asia”.
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By GlobalDataMurray Goulburn MD Gary Helou said: “We are building a better connection with key markets to become the first choice in dairy foods and investing in the future of the Australian dairy industry with the aim of returning it to profitability and growth, ensuring our relevance in the global market.”
