From $9m to nothing: Māori Investments writes off Waiū Dairy but keeps faith in recovery

Waiū Dairy's plant in Kawerau. (Image: NZME)

Mon, 08 Dec 2025

One of the largest shareholders of Waiū Dairy has written off its entire stake in the embattled Bay of Plenty processor but says it continues to support it.Waiū began its operation in 2019 with a geothermal-powered factory outside Kawerau, and it is backed by a range of Māori trusts and Japan’s Imanaka.It raised capital for the first stage of construction, which installed a 900kg-an-hour milk powder spray dryer to produce “high-quality” specialised powders from standard and organic milk.The processor then received a $4.9 milli...

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From $9m to nothing: Māori Investments writes off Waiū Dairy but keeps faith in recovery

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