Pāmu, and Clover Corp chip in funds to prop up Melody Dairies

Melody Dairies' plant outside of Hamilton. (Image: Google)

Wed, 18 Oct 2023

New Zealand’s state-owned farmer and its Australian stock exchange-listed business partner have had to pump in money to prop up its infant formula joint venture in Hamilton.Four years ago, Landcorp, which trades as Pāmu, Clover Corporation and an entity connected to the now-collapsed Dairy Nutraceuticals stepped in to help fund a new industrial spray dryer to produce milk powder at the Waikato Innovation Park outside Hamilton.The three companies, as well as FoodWaikato, formed a new entity, Melody Dairies, to fund, build and operate...

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