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

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024