Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 3 related plants in PECWeb
Released July 15, 2014 | PERTH, AUSTRALIA
en
Researched by Industrial Info Resources Australia (Perth, Australia)--Australian dairy major Murray Goulburn Co-operative Company Limited (Devondale Murray Goulburn) (Melbourne) held a grand opening ceremony for the first of two recently completed, state-of-the-art milk-processing facilities. The AU$80 million (US$75 million) facility in Laverton, Victoria, was built to allow the co-op to meet a 10-year contract with supermarket giant Coles (Sydney) to supply its private label milk.
View Plant Profile - 3123623 3123424
View Project Report - 300168007 300168143 300168153 300168023
Murray Goulburn Managing Director Gary Helou said in a press release that the contract has allowed the co-operative to make one of the most significant investments in the dairy industry in 15 years. The two plants have a total investment of about $160 million and have been constructed in record time. The facilities are of modular design, and almost identical, in order to expedite planning, approval and construction. Australia Prime Minister Tony Abbott attended the opening ceremony.
Helou has said that the contract with Coles is worth AU$200 million (US$188 million) per year, and will supply the supermarket giant with about 200 million liters of milk to more than 400 supermarkets on Australia's Eastern Seaboard, as well as creating more than 50 full-time jobs at each site.
"This deal locks in a margin for the farmers, so regardless of what the price on the shelf is--that's a decision for the retailer and we can't interfere with that," Helou said. "But the price we're getting for our processed milk is built on a formula that accommodates a farm-gate price, plus a locked in margin." The co-operative includes more than 2,500 dairy farmers.
Devondale Murray Goulburn was among the producers that announced much higher farm-gate prices for the 2014-15 season. It has made a $126 million investment in three sites in regional centers.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
View Plant Profile - 3123623 3123424
View Project Report - 300168007 300168143 300168153 300168023
Murray Goulburn Managing Director Gary Helou said in a press release that the contract has allowed the co-operative to make one of the most significant investments in the dairy industry in 15 years. The two plants have a total investment of about $160 million and have been constructed in record time. The facilities are of modular design, and almost identical, in order to expedite planning, approval and construction. Australia Prime Minister Tony Abbott attended the opening ceremony.
Helou has said that the contract with Coles is worth AU$200 million (US$188 million) per year, and will supply the supermarket giant with about 200 million liters of milk to more than 400 supermarkets on Australia's Eastern Seaboard, as well as creating more than 50 full-time jobs at each site.
"This deal locks in a margin for the farmers, so regardless of what the price on the shelf is--that's a decision for the retailer and we can't interfere with that," Helou said. "But the price we're getting for our processed milk is built on a formula that accommodates a farm-gate price, plus a locked in margin." The co-operative includes more than 2,500 dairy farmers.
Devondale Murray Goulburn was among the producers that announced much higher farm-gate prices for the 2014-15 season. It has made a $126 million investment in three sites in regional centers.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
