Devondale Murray Goulburn announces $127m investment
Devondale Murray Goulburn has invested $127 million in three new capital projects at its Victorian and Tasmanian sites. The projects will be rolled out over the next 12 to 18 months.
The three projects comprise a $74 million investment in consumer cheese at Cobram, $38 million in infant nutrition at Koroit and Cobram and $14 million in dairy beverages at Edith Creek in Tasmania.
The investments will be spent as follows:
- The $74 million investment in the Cobram facility will be used to build a cheese cut and wrap facility to serve the Australian and Asian consumer and food service markets.
- The $38 million investment at Koroit and Cobram will increase capacity for production of nutritionals for growing international infant nutrition markets.
- The $14 million investment at Edith Creek will be used to install and commission a flexible small-format cup and bottle filling line to commercialise a range of dairy beverage products for consumer markets in Australia and Asia.
“We are investing in the future of Devondale Murray Goulburn to deliver higher farmgate returns as we strive to navigate a new path to meet and serve the growing needs of international consumers and customers for Australian-made dairy foods,” said Devondale Murray Goulburn Managing Director Gary Helou.
“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.”
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