A $6 million investment in the Stanhope Fonterra factory should 'future proof' the facility.By Laura Griffin
The money will be spent on moving the manufacture of ricotta cheese to Stanhope from the company’s Cororooke site near Colac, which is slated for closure next month.
The project will include new cheese making, processing and packaging equipment.
Mr Jones said construction would begin soon with full production of the high-value product to begin in April.
The investment will create six new jobs and was supported by a $250
In announcing the investment at the Stanhope site last Thursday, Victorian Deputy Premier Peter Ryan said the investment would also secure existing jobs at the Stanhope site and have positive flow-on effects down the supply chain.
‘‘The Victorian Coalition Government works with businesses in regional Victoria, including manufacturers, to attract and facilitate new investment, create jobs, increase productivity and competitiveness and provide access to new market opportunities,’’ Mr Ryan said.
He said the Victorian Government had offered $4
He said the Federal Labor Government had pledged a $25
About 260 dairy farms across northern Victoria supply milk to the Stanhope site, where it is processed into cheeses for domestic and international markets.
Mr Jones said Fonterra continued to recruit new suppliers and although the new equipment would be able to produce 10
‘‘This investment will help future-proof Fonterra’s operations in Stanhope,’’ Mr Jones said.
‘‘It will make the site more efficient and more productive.’’
He said it was a great example of government and industry working together to ensure Australian dairy remained globally competitive.
Stanhope and District Development Committee secretary Bob Holschier welcomed the investment that he said would secure the future of Fonterra in the town.
‘‘With the $6
‘‘We’re glad they’re spending it here in Stanhope — the locals are absolutely rapt.’’
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