Demand from hospitality outlets and export customers in Asia has helped the ice cream manufacturing sector, currently worth $2.1 billion in revenues, to a compound annual growth rate of 6.1 per cent, according to new market research. According to IBISworld’s Ice Cream Manufacturing in Australia – Market Research Report (2015-2030), the leaders by market share…
Vertically-integrated dairy business Australian Dairy Nutritionals has announced a new, one-year contract manufacturing agreement with Sprout Organic, which will see it produce milk powders for its client. According to a statement to the ASX on Tuesday, the agreement is non-exclusive, and comes with an option to extend for “a further [two-year] term”. Under the deal,…
A University of Adelaide researcher has found that few cheese manufacturers, “across all production scales”, are upcycling the byproduct of whey, the liquid left over after milk is curdled and strained. According to Jack Hetherington from the Centre for Global Food and Resources, “there is significant potential for widespread change in a relatively short period, particularly…
Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…
Dairy trading house and manufacturer Pure Dairy has confirmed that its new cheese factory in Dandenong South (pictured) is on schedule for a production launch in 2025. Structural work has been finished, and most internal fitouts are also nearing completion – including the installation of specialised automated processing equipment. The 13,000 square metre facility will…
Australian Dairy Nutritionals (ADN) has signed an agreement with baby formula company Nutura Organic to manufacture intermediate and fortified milk formula base powders in Victoria.
Canadian owned Saputo Dairy Australia has announced the last operating season of King Island Dairy, planning to close the facility and retiring the brand in mid 2025. The decision comes after a 10 month review that ‘sought to maximise value for the business by conducting an intensive review of all commercial and financial alternatives for…
Liontown Resources produces first lithium Battery Materials producer Liontown Resources has produced its first lithium spodumene concentrate at Kathleen Valley in Western Australia, following the commissioning of the wet plant and end-to-end operation of the value chain. The milestone marks the start of production ramp-up to nameplate throughput of 3Mtpa, currently expected by the end…
China dairy export focused manufacturer Jatcorp has reported rising sales and profits for the quarter ending 30 June 2024. The company told investors that quarterly revenue increased 13.5 percent compared to the previous quarter to $16.8 million while gross profit increased to $6.14 million, a rise of 10.4 percent from $5.56 million on the previous…