Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New spray dryer planned at Waikato Innovation Park

New spray dryer planned at Waikato Innovation Park as sheep milk ramps up

By Rebecca Howard

Jan. 22 (BusinessDesk) - A new $45 million food spray dryer is being planned for Food Waikato as demand from the sheep milk industry ramps up, says Waikato Innovation Park chief executive Stuart Gordon.

Food Waikato, which is located at Waikato Innovation Park, currently has one open access development spray dryer, which came online five years ago and is now running at capacity. According to Gordon, the existing dryer processes about 900,000 litres of sheep milk each year and that is expected to double in the 2019/2020 season.

“The existing dryer has more than delivered on its original promises and is now sitting at capacity with 308 days of production in the year to June 2017, and achieving $53 million of exports in that year. We now need to be as proactive as possible and get ahead of this rapidly increasing demand from the sheep milk industry," said Gordon.

Sheep milk and products have grown in popularity as the milk reportedly is higher in protein and calcium than milk from cows or goats and is easier to digest.

The second drying facility will have 2.4 times the capacity of the existing dryer and will have increased levels of biosecurity that will allow it to produce high-grade infant formula and other products. It is projected to deliver $129 million in exports a year, Gordon said.

Food Waikato is owned by Hamilton City Council and Callaghan Innovation, and both parties have been informed of the plans, he said.

Food Waikato will contribute about $1.4 million of the $45 million cost, with debt and equity from dryer users making up the balance. Hamilton City Council and Callaghan Innovation are not being asked to contribute but are being informed as stakeholders.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

$7.5 Billion Surplus: Government Accounts "Show Strong Economy"

“The surplus and low levels of debt show the economy is in good shape. This allows the Government to spend more on infrastructure and make record investments in health and education,” Grant Robertson says. More>>

ALSO:

New OIO Application Trumps Judicial Review: OceanaGold Cleared To Buy Land For Waihi Tailings Expansion

In a surprise turnaround, the government has given OceanaGold a greenlight to buy land to expand its Waihi mine after the application was previously turned down by Land Information Minister Eugenie Sage. More>>

ALSO:

Christchurch Rebuild: Fletcher Sued For $7.5m Over Justice Precinct

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More>>

Three New Drugs: PHARMAC Signs Bundle Deal For More Cancer Medicines

420 New Zealanders with lung cancer, breast cancer, multiple sclerosis and respiratory disease will benefit each year from a bundle deal PHARMAC has finalised with a medicine supplier. More>>

ALSO:

"Levels Playing Field": Government Responds To Electricity Price Review

The changes announced today include: • Supporting new and independent retailers by requiring the big power companies to sell into the wholesale market at affordable rates. • Extending discount rates to all customers • A pilot scheme to help customers who have not switched power providers before to shop around for better deals... More>>

ALSO: