Oceania Dairy company has been given resource consents for a
new $95 million dairy processing plant to be built near
Glenavy, 23km north of Oamaru in South Canterbury.
The consents were approved by Canterbury regional council and
the Waimate District Council.
Oceania Dairy, established by boutique Christchurch merchant
bank, private equity and corporate advisory firm Ocean
Partners, has been working with a specialist dairy marketing
and logistics company Global Dairy Network to target markets
in Asia and the Middle East.
The consents mean the group is now another step closer to
starting the development, Oceania Dairy chairman, Keith
Turner said.
The resource consent process took longer than expected,
acting chief executive of Oceania Dairy, Paul Park said.
Mr Park recently extended a deadline for raising $74.75
million but said he did not expect the delay to prevent the
schedule commissioning in July 2011.
The coal-fired factory will have a 37m high dryer tower, and
a 45m high boiler chimney, and will be on a 70ha farm on
State Highway 1.
At the peak of the milking season, it is expected to receive
1.2m litres of milk daily, to produce up to eight tonnes of
whole milkpowder or 5.5 tonnes of skim milkpowder as well as
anhydrous milkfat (AMF).
See tomorrow's Otago Daily Times for
full details
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