Murray Goulburn announces $127 million modernisation program

07 May 2014

Murray Goulburn Co-operative Co. Limited (Devondale Murray Goulburn) today announced three new capital projects worth a combined $127 million. The projects will be located at the company’s existing sites in Victoria and Tasmania and will be delivered over the next 12 to 18 months.

Devondale Murray Goulburn Managing Director, Gary Helou said this announcement was another step forward in the transformation of the co-operative and the Australian dairy industry.

The three projects consist of 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.

“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. 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,” Mr Helou said.

About the projects:

• The $74 million investment at Cobram will build a world class cheese cut and wrap facility to serve 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 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.

Sources:

Murray Goulburn’s Media Release: Devondale Murray Goulburn invests $127 million in new dairy future, 2 May

Read Australian Manufacturing, Murray Goulburn announces $127 million modernisation program, 6 May