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Fonterra invests $4.3m in Tasmanian plant

Dairy processor Fonterra will increase its cheese and whey capacity at its Wynyard plant with a $4.3m investment.

The company said in a statement that the investment will increase the plant’s cheese making capacity by 8,000 MT per annum – equivalent to 30 Olympic size pools of processed milk per annum – by quickening every step of the cheese making process.

However, as the Weekly Times reports, the investment will not result in any new jobs or a need for increased milk supplies.

Fonterra Australia Regional Operations Manager South Steve Taylor says that the Wynyard factory is a key part of Fonterra’s global multi-hub strategy.

“The more we invest for growth the more competitive our business will be, putting us in a strong position to manage global volatility, pay the best possible price to farmers and the best possible returns to our shareholders,” he said.

The Wynyard plant has been running at full capacity since a fire destroyed the company’s Victorian cheese plant at Stanhope in December 2014.

The Wynyard expansion will see Fonterra’s total Australian cheese production increase by 50 per cent once the Stanhope plant is commissioned in mid-2017.

 

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