Ag News

UDV welcomes Fonterra’s $140m investment in Vic dairy sector

  • By: Farm Tender "Prime"
  • Aug 22, 2017

THE United Dairyfarmers of Victoria today welcomed the launch of Fonterra Australia’s revamped $140 million cheese plant at Stanhope, nearly three years after a fire ripped through the dairy company’s previous facility.

UDV President Adam Jenkins said the farmer group was pleased to see continued investment in the State’s central north, with the facility expected to contribute $30 million to the local economy by retaining 120 jobs and creating an additional 30 positions.

“The Australian dairy industry is a multi-billion dollar enterprise and investments like the Stanhope facility are important for the continued viability of the sector,” Mr Jenkins said.

“In Victoria, most of our milk is for export, and the cheese plant will help unlock more opportunities in several markets, including Japan and China.”

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