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Released June 26, 2014 | PERTH, AUSTRALIA
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Researched by Industrial Info Resources Australia (Perth, Australia)--Dairy foods producer Devondale Murray Goulburn Co-operative Limited (Melbourne, Australia) plans to invest AU$127 million (US$119 million) in capital upgrades, to be split across three existing facilities in Victoria and Tasmania.
The projects "involve investment in world-leading technology, with state-of-the-art automation for processing and packaging a range of dairy foods destined for Asian and Australian consumers," Managing Director Gary Helou said in the announcement.
The AU$74 million (US$69 million) investment at Cobram, Victoria, will be used to build a world-class cheese cut and wrap facility. The project is expected to increase distribution of value-added shredded and portioned cheese to Australian and Asian markets.
About AU$38 million (US$36 million) will be invested across two sites at Koroit and Cobram, both in regional Victoria, aiming to increase the capacity and production of infant nutrition products aimed mostly at the international export market.
A further AU$14 million (US$13 million) investment at the facility in Edith Creek, Tasmania, will install a flexible, small-format cup and bottle filling line to commercialize a range of dairy beverage products for consumer markets in Australia and Asia.
View Plant Profile - 3123621 3123623 3123424
View Project Report - 300168007 300168143 300168153 300168023
The projects are in keeping with the large capital investments seen across the dairy sector, cashing in on the rising demand of the rapidly growing Asian middle class and the increased demand for imported milk products, due to a lingering distrust of locally produced products, especially infant formulas, following a spate of food safety scandals in the Asian regions in recent years. Demand for infant formula is expected to increase by more than 4% by 2017, with toddler formulas set to rise 6%, and a 7% rise in formulas designed for older children.
Australian produce is seen as particularly desirable due to the stringent safety standards applied to all manufactured goods. Devondale Murray Goulburn hopes the investment will "secure sustainable, skilled jobs in regional Victoria and Tasmania and add to higher farm gate returns," according to Helou. Devondale Murray Goulburn is one of Australia's largest dairy foods companies and is fully controlled by more than 2,500 dairy farmer suppliers.
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.
The projects "involve investment in world-leading technology, with state-of-the-art automation for processing and packaging a range of dairy foods destined for Asian and Australian consumers," Managing Director Gary Helou said in the announcement.
The AU$74 million (US$69 million) investment at Cobram, Victoria, will be used to build a world-class cheese cut and wrap facility. The project is expected to increase distribution of value-added shredded and portioned cheese to Australian and Asian markets.
About AU$38 million (US$36 million) will be invested across two sites at Koroit and Cobram, both in regional Victoria, aiming to increase the capacity and production of infant nutrition products aimed mostly at the international export market.
A further AU$14 million (US$13 million) investment at the facility in Edith Creek, Tasmania, will install a flexible, small-format cup and bottle filling line to commercialize a range of dairy beverage products for consumer markets in Australia and Asia.
View Plant Profile - 3123621 3123623 3123424
View Project Report - 300168007 300168143 300168153 300168023
The projects are in keeping with the large capital investments seen across the dairy sector, cashing in on the rising demand of the rapidly growing Asian middle class and the increased demand for imported milk products, due to a lingering distrust of locally produced products, especially infant formulas, following a spate of food safety scandals in the Asian regions in recent years. Demand for infant formula is expected to increase by more than 4% by 2017, with toddler formulas set to rise 6%, and a 7% rise in formulas designed for older children.
Australian produce is seen as particularly desirable due to the stringent safety standards applied to all manufactured goods. Devondale Murray Goulburn hopes the investment will "secure sustainable, skilled jobs in regional Victoria and Tasmania and add to higher farm gate returns," according to Helou. Devondale Murray Goulburn is one of Australia's largest dairy foods companies and is fully controlled by more than 2,500 dairy farmer suppliers.
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.
