Post by Kiwi Frontline on Feb 26, 2019 16:10:04 GMT 12
GEOTHERMAL MILK PLANT NEARING COMPLETION
New Zealand's second Māori-owned dairy plant project is on track to start producing in July.
The $33 million plant in Kawerau is a joint venture: 11 Māori entities, including Poutama Trust. Between them they hold a 67% stake in the company and Cedenco Dairy Ltd, owned by Japanese company Imanaka holds 33%.
Kawerau Dairy will process up to 30 million litres of milk in its first year; 12 farms will supply milk. “We expect the majority of farms supplying Kawerau Dairy in the initial start-up phase will have Māori ownership,” he says......