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

 

Consent for new dryer welcomed

Consent for new dryer welcomed


Westland Milk Products welcomes the approval of its land-use consent application to the Westland District Council for a new dairy nutritionals dryer on its Hokitika site.

Subject to there being no appeals over the next 15 working days, Westland expects work on the $102 million project to commence almost immediately.

General Manager Operations Bernard May says Westland is pleased that the conditions imposed by the commissioner who heard the application are within the scope expected by Westland and, indeed, several are conditions the company itself suggested as part of its efforts to work with potential objectors to address their concerns.

“This is an excellent decision for the future growth and strategic direction of Westland Milk Products,” May says, “and one we fully expect will have a positive impact on shareholder incomes as well as bringing real economic benefit to our community

“Westland has a strong history of producing high quality milk powders and butter,” May says, “but we have made a strategic decision to shift further production toward high-end nutritional products, such as infant formula. Nutritionals consistently deliver higher margins than milk powders and will lead to better pay-outs for our shareholders as well as placing Westland on pathway to a more secure and sustainable future.”

May says the conditions imposed on the consent will mean that there will be almost no additional impact on the environment as the Hokitika factory will still be able to operate under already existing air and wastewater discharge permits.

Mr May says shareholders were advised of the council’s decision yesterday and will be fully briefed at shareholder meetings in May.

The new dryer will allow Westland to produce an additional 23,000 metric tonnes of nutritional product per season. The co-operative has engaged the services of Babbage Engineers as project managers and the plant will be built by Tetra Pak. It is expected to be commissioned in August 2015 and generate sales of $115million per year when at full capacity.

The approval for D7 comes on top of a series of investments by Westland including the D6 dryer last season, a new boiler at Hokitika and investigations into a possible milk processing plant at its Rolleston site.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

QV: Tax Changes Yet To Dampen Red-Hot Housing Market

Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. The average value increased 8.9% nationally ... More>>

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>