26 Oct: As China's Inner Mongolia Yili Industrial Group eyes up a possible expansion into Australia, its New Zealand operation is picking up steam with plans to build a state-of-the-art laboratory and to invest at least another $200 million.
Oceania Dairy - the South Canterbury-based dairy company owned by Yili - is in the process of commissioning the second stage of its development, which includes a canning and blending operation for infant formula and two UHT manufacturing lines, general manager Roger Usmar told BusinessDesk. The first stage involved 10-tonne an hour infant formula capable dryer. Total investment so far is around $400 million.
The third stage of development will likely include a second, larger dryer and a lactoferrin plant, although the dryer's size hasn't been determined, said Usmar. Meanwhile "we arguably have a stage two-B and we are working through the approval process," he said. Oceania has a small onsite laboratory for testing but expects to commence construction of a far larger laboratory to support the operation by mid-2018, he said.
Continue here to read the full release from BusinessDesk || October 26, 2017 |||