Murray Goulburn Co-operative (MG) plans to invest approximately $200m over the next three years in dairy food manufacturing facilities for UHT milk, butter, spreads and cheese.
Murray Goulburn MD Gary Helou, said: “During the past 10 months we have made good progress towards lowering our cost base and identifying international growth opportunities.
"We are now entering the next phase of Murray Goulburn’s development that requires significant investment in leading-edge manufacturing facilities that generate higher value products and enable greater innovation as well as cost leadership.
“The emphasis will be on the dual objectives of global cost leadership and consumer-based dairy food innovation. This is a significant initiative to rejuvenate and grow MG’s presence in consumer markets, in Australia as well as strategic international markets."
Source: Murray Goulburn