While Pokeno, North Waikato, may be ‘world famous in New Zealand’ for its ice-cream, demand from a much ‘smaller’ dairy market sector could result in a new cash cow for the region.
Synlait plans to invest $260 million in development of a new manufacturing site, the dairy processing company’s CEO, John Penno, confirms. The site will help Synlait meet a growing demand for infant formula.
“We want to partner with dairy farmers who are excited to do more with their milk,” he says. “We’re really excited to bring these opportunities to the Waikato.”
Synlait is inviting potential suppliers from Waikato to register their interest via synlait.com. However, plans are still (somewhat) in their infancy until all consents and approvals – including that of the Overseas Investment Office – have been finalised.