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

 

Mataura Valley Milk Production Starts in August 2018

Mataura Valley Milk on track for August 2018 production start

Southland farmers are expressing significant interest in becoming Mataura Valley Milk shareholders and the company expects to fill its supplier requirements, general manager Bernard May says.

The company is striving to be the ‘World’s Best Nutritional Business’ manufacturing and producing premium infant milk formula mainly for export from its purpose-built nutrition plant at McNab, near Gore, Southland.

The $240 million project is gearing up for production to begin in August 2018, with 65 fulltime employees.

May said continued recruitment of milk supplier/shareholders, and staff, were major focuses in the next six months.

The company had received significant interest from farmers in becoming shareholders and was confident of having the 25 to 30 needed by December, he said.

“The farmer shareholders already on board are embracing the opportunity of superior returns by supplying milk into a fully integrated nutritional business.”

Mataura Valley Milk milk supply manager Dave Yardley said farmers he had met to date were excited about the opportunity, and he had a busy schedule of meetings planned.

“The small size of the business, the connection they will have as shareholders, and the fact we’re going to the higher end of the value-added market, are really peaking farmer interest.

“Positivity has returned to the dairy sector so people are seeing it as a good time to review where they are and whether they have a better choice out there,” Yardley said.

May said the plant’s construction was on schedule with the drying tower already at its maximum 40m height.

The plant would be unique in Australasia as it would meet and exceed several international nutritional validation standards and contain features which set it apart from a traditional dairy plant, May said.

“We’re absolutely confident that right here now, we’re building the world’s best nutritional formula plant,” he said.


ENDS


Mataura Valley Milk facts and figures at a glance

• About 30,000 tonnes of infant formula will be manufactured each year at full capacity.

• The plant will process about 500,000 litres of whole milk a day whilst producing nutritionals.

• A total of 80-85 per cent of the product produced by the plant will be exported.

• Mataura Valley Milk is a partnership between New Zealand and overseas investors.

• Total plant construction work hours are expected to be about 450,000 hours.

• About 160 people are on site in mid-2017 and at peak between 320 and 350 people will be on the construction site at one time.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:

Economy: Funding For 85% Of NZ Not-For-Profit Entities Impacted By COVID-19

Results of a recent Institute of Directors poll show that 85% of board members on not-for-profit organisations say COVID-19 has moderately or significantly affected their funding. The ‘pulse check’ conducted in the first two weeks of July looked ... More>>

Volcano Detection: Eruption Alert System Would Have Given 16 Hours’ Warning At Whakaari

An alert system that could have given 16 hours’ warning of last year’s eruption at Whakaari/White Island is ready for deployment, University of Auckland scientists say, with warning systems for Ruapehu and Tongariro the next priority. ... More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>

RNZ: Economic Activity And Business Confidence Bouncing Back

Two surveys from ANZ show business confidence and economic activity have rebounded, but uncertainty about the future remains extreme. More>>

ALSO: