Westland Milk Products to build $70m new lactoferrin plant

Westland Milk Products to build $70m new lactoferrin plant
Westland Milk Products' plant. (Image: BusinessDesk)
Riley Kennedy
Westland Milk Products has announced it's building a new $70 million lactoferrin plant at its Hokitika facility.The investment, supported by its parent company Yili Group, is expected to see production capacity triple for the multifunctional protein. Lactoferrin is a minor protein in milk with growing international demand across a variety of nutritional categories because of its reported health benefits.The plant upgrade follows a $40m investment which doubled consumer butter production at Hokitika.That increased global sales of the pr...

More Finance

ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025
NZSA weighs in on FNZ shareholder issue
Finance

NZSA weighs in on FNZ shareholder issue

Shareholder class action is imminent.

Victoria Young 05 May 2025