Norco Cooperative Limited

Norco Cooperative Limited is a prominent player in the Australian dairy industry, headquartered in Lismore, Northern New South Wales (NSW), Australia. The cooperative operates key facilities in Lismore, Raleigh, and Byron Bay.

Financial Indicators

In the fiscal year ending 2022, Norco reported an estimated revenue of approximately AUD 700 million. The company set a new benchmark in the nation's dairy industry by elevating its farmgate milk price to $12.85 per kilogram of milk solids. Additionally, Norco announced an increase in its minimum farmgate milk price by 1.6 cents per litre, raising the total to 86.6 cents per litre.

Important Events

In 2020, Norco expanded its product line by introducing organic dairy products to meet rising consumer demand. The following year, the cooperative launched the 'Green Dairy' initiative, aimed at reducing carbon emissions and promoting sustainable farming practices. By 2022, Norco had made significant investments in state-of-the-art processing technology to enhance product quality and operational efficiency. On April 20, 2026, Norco announced an increase in farmgate milk prices due to rising fuel costs, reflecting its strategy to manage escalating living costs and maintain sustainable operations.

Company Plans

Norco is focusing on expanding its export markets, particularly in Asia, and is emphasizing innovative product development to cater to diverse consumer needs. The company has set a long-term environmental goal of achieving zero net emissions by 2035.

Leadership

The management team is led by experienced professionals, including Michael Hampson, CEO, and Andrew Burns, CFO, who are dedicated to advancing the company's growth and sustainability. Norco is recognized as one of the top 10 companies in dairy processing in Australia, known for maintaining higher prices for its products, setting it apart from many other processors in the market.

Modified: 2026/05/12