Māori Investments continues to support Waiū Dairy despite writing down stake

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

Fri, 22 Nov 2024

Māori Investments Ltd says it is continuing to support the recovery of struggling Waiū Dairy, despite having written off almost all of its stake.Waiū, a Government-backed processor, operates a geothermal-powered dairy processing site near Kawerau.Construction began in July 2018 and operations kicked off just over a year later.The first stage included the installation of a 900kg-an-hour milk powder spray dryer to produce high-quality specialised powders from standard and organic milk.In 2020, Waiū was granted a $4.9 million loan from the Governm...

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