The new plant, currently under construction in Penola, South Australia, is expected to start operations in July 2017. When completed, it will have an annual processing capacity of 220m liters of raw milk, producing dairy powders and fats for the domestic and international markets.
Colin McKenna, managing director and owner of The Midfield Group, said the new dairy processing company is expected to become knowledgeable of global dairy markets and their respective marketing environments very quickly.
“The joint venture partnership will therefore provide us with market intelligence and an immediate competitive presence in global markets, enabling us to add significant value and advantage to our Australian raw milk producers, our dairy farmers,” McKenna said.
Jean-Marc Foucher, head of the dairy platform for the Dutch-based Louis Dreyfus Company globally, said the joint venture is a key step in the development strategy of LDC’s Dairy activities, in particular in the Oceania and Asia regions.