Fonterra’s $150 Million Investment at Edendale Plant: A Boost for Southland
Source: DairyNews.today
Fonterra’s recent announcement of a $150 million investment in its Edendale plant has been hailed as a major win for Southland, with Invercargill MP Penny Simmonds describing it as a “shot in the arm for our province.”
The dairy giant’s investment will fund the construction of a new ultra-high-temperature (UHT) cream plant, expected to create 70 permanent jobs in addition to those generated during the construction phase.
The new facility will focus on producing UHT whipping cream, a key ingredient in approximately 260 million cakes in Chinese bakeries annually, as well as 400 million beverages, signaling the importance of this investment to Fonterra’s international market expansion, particularly in China.
Simmonds expressed enthusiasm over the project, stating, “We talk about farming being the backbone of the country, and it’s exciting projects like this that really do prove the worth of dairy farming and agriculture to our regional and national economy.”
The investment also received praise from local business leaders. Southland Business Chamber chief executive Sheree Carey called the announcement a significant vote of confidence in the region’s future. “The creation of new jobs and the opportunity for local businesses to contribute to this project are key factors in driving economic growth and ensuring the long-term prosperity of Southland,” she added.
Southland district mayor Rob Scott echoed this sentiment, stating that the investment is not only beneficial for the region but for the entire country. However, he expressed disappointment over the lack of additional government investment in infrastructure, particularly roading, which he believes is essential for further economic growth in the province.
Southland has been one of the strongest-growing regions in New Zealand, recently topping growth rankings by ASB. According to ASB chief economist Nick Tuffley, Southland’s economic rise has been driven by robust construction and housing activity, alongside favorable farming conditions. With this new investment from Fonterra, the region’s positive economic trajectory is set to continue, bringing prosperity to both the local dairy industry and broader community.
The new facility will focus on producing UHT whipping cream, a key ingredient in approximately 260 million cakes in Chinese bakeries annually, as well as 400 million beverages, signaling the importance of this investment to Fonterra’s international market expansion, particularly in China.
Simmonds expressed enthusiasm over the project, stating, “We talk about farming being the backbone of the country, and it’s exciting projects like this that really do prove the worth of dairy farming and agriculture to our regional and national economy.”
The investment also received praise from local business leaders. Southland Business Chamber chief executive Sheree Carey called the announcement a significant vote of confidence in the region’s future. “The creation of new jobs and the opportunity for local businesses to contribute to this project are key factors in driving economic growth and ensuring the long-term prosperity of Southland,” she added.
Southland district mayor Rob Scott echoed this sentiment, stating that the investment is not only beneficial for the region but for the entire country. However, he expressed disappointment over the lack of additional government investment in infrastructure, particularly roading, which he believes is essential for further economic growth in the province.
Southland has been one of the strongest-growing regions in New Zealand, recently topping growth rankings by ASB. According to ASB chief economist Nick Tuffley, Southland’s economic rise has been driven by robust construction and housing activity, alongside favorable farming conditions. With this new investment from Fonterra, the region’s positive economic trajectory is set to continue, bringing prosperity to both the local dairy industry and broader community.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
