Tatua to Double Cream-Based Production with $85 Million Factory Expansion
Source: DairyNews.today
Tatua, the Waikato-based farmer-owned dairy co-operative, is set to significantly boost its production capacity with an $85 million investment in a new factory expansion. The expansion, which aims to double the production of Tatua’s cream-based products, reflects the company’s commitment to meeting increasing demand both domestically and in key export markets like China and Japan.
Chief Executive Brendhan Greaney emphasized the importance of this investment, stating, “This is our largest investment to date, and it will allow us to double the capacity of our foods plant, where we produce cream-based consumer and food service products such as sour cream, crème fraîche, mascarpone, and whipping cream.”
Tatua currently sources milk from 101 local farms within a 12-kilometer radius of its factory, and exports around 90% of its products. Despite the impressive export figures, demand has outstripped supply, prompting the company to expand its production capacity.
The expansion will also create approximately 40 new jobs, adding to the existing 432 employees at the plant. Construction is already underway, with groundworks completed and precast walls going up. The project is scheduled for completion by August 2025.
Greaney noted that the expansion is progressing smoothly, staying on schedule and within budget, adding that “it’s a very exciting time for the company.”
Tatua will announce its final milk price for the previous season in October, with the current indicative cash payout for shareholders at $10.20 per kilogram of milk solids. This expansion represents a strategic move to solidify Tatua’s position as a leader in cream-based dairy products and further strengthen its presence in the global dairy market.
Tatua currently sources milk from 101 local farms within a 12-kilometer radius of its factory, and exports around 90% of its products. Despite the impressive export figures, demand has outstripped supply, prompting the company to expand its production capacity.
The expansion will also create approximately 40 new jobs, adding to the existing 432 employees at the plant. Construction is already underway, with groundworks completed and precast walls going up. The project is scheduled for completion by August 2025.
Greaney noted that the expansion is progressing smoothly, staying on schedule and within budget, adding that “it’s a very exciting time for the company.”
Tatua will announce its final milk price for the previous season in October, with the current indicative cash payout for shareholders at $10.20 per kilogram of milk solids. This expansion represents a strategic move to solidify Tatua’s position as a leader in cream-based dairy products and further strengthen its presence in the global dairy market.
23.09.2024
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