Warrnambool Cheese and Butter Factory has signed a memorandum of understanding with Friesland Foods Domo, establishing a 50/50 joint venture to manufacture ingredients for the food, infant nutrition and pharmaceutical industries. The JV is to be called Great Ocean Ingredients.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to an announcement lodged with the Australian Stock Exchange, a A$50m (US$39.3m) production facility for the joint venture will be built at Warrnambool Cheese’s Allansford site. It is expected to be operational in mid-2008.
Warrnambool said the deal was the consequence of increased demand for Vivinal GOS, a prebiotic ingredient used to increase fibre levels in health food products, infant nutrition and beverages.
Chairman David Karpin commented: “Utilising Warrnambool Cheese’s raw materials, we will further value-add to the whey stream from the existing manufacturing process at our plant to create a cutting-edge, high-value product for export”.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
