vondale Murray Goulburn (MG) is set to invest over $14m at its Edith Creek manufacturing site in Tasmania, in order to produce a new line of dairy beverages.The move is said to form a part of the company's $127m capital investment plan, announced in May.
As part of the investment plan, the company will replace the existing production lines with advanced technology, which will enable the company to grow further.
Work at the plant will begin in the new financial year and operations are set to commence in mid-2015.
MG managing director Gary Helou said that the technology being used at the Edith Creek plant is first of its type in the company's business.
"These combined investments further demonstrate MGs commitment to Tasmania and support our journey to become the first choice dairy foods supplier to customers and consumers in Australia and overseas.
"It also represents an important step towards delivering on our commitment to significantly increase underlying farmgate returns for MG suppliers," added Helou.
MG will train the existing employees to produce new products, while creating several skilled jobs in the region.
Additionally, the company has increased its stake in the Tasmanian Dairy Products joint venture from 56% to 76%, and Mitsubishi will continue to own the remaining 24%.
