3 Jul 2015

Plans to invest up to $30m goat plant

8:30 am on 3 July 2015

A goats' milk company has announced plans to invest up to $30 million to build processing and packaging facilities in Hawke's Bay.

The report shows goat dairy farming and infant formula production could generate $1.5 billion and create 178 jobs in Hawke's Bay.

Photo: 123RF

Fresco Nutrition's managing director Greg Wycherley said there was growing demand for infant formula that came from goats and sheep milk, particularly in Asia.

He said Hawke's Bay was the ideal place to produce and process the product.

"Hawke's Bay ticks all the boxes for us in terms of the goat milk industry. The climate is good, the weather is good, the farming conditions are ideal, we have a supportive local council here, good transport infrastructure with a port nearby, so we've decided when we do build we'll build here in Hawke's Bay."

Greg Wycherley said it aims to have factories running in two years.

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