Business South December 2024

40 | Studholme expansion Fonterra is set to expand its Studholme site in the South Island to create a hub for its high-value, functional proteins. Fonterra Studholme REGIONAL DEVELOPMENT Fonterra is set to expand its Studholme site in the South Island to create a hub for its high-value, functional proteins, which are designed to perform well in premium product applications such as medical and high-protein sports nutrition. Fonterra CEO Miles Hurrell says the investment of around $75 million is part of the co-op’s strategy to grow value through its world-leading ingredients business by partnering with customers who value Fonterra’s unique offering. “We have valuable expertise in dairy science and innovation, making us leaders in the manufacture of dairy proteins and other advanced ingredient solutions. “The expansion of our Studholme site will allow us to increase production of this high-value product and ultimately grow returns to farmers.” Fonterra president global markets ingredients, Richard Allen, says the co-op’s dairy ingredients are highly sought after by customers globally. “We see significant opportunities in the global high-protein dairy category, which is projected to grow by close to $US10 billion over the next four years, at an annualised growth rate of 7% per annum. “Increasing our manufacturing capacity for functional proteins will enable us to continue to strengthen our offerings with existing customers as well as attract new business.” Site works at Studholme will begin next month with the first product due to come off the line in 2026. “In addition to producing advanced proteins, the site will continue to support the South Island’s milk processing, as it has done since Fonterra acquired the site in 2012. Richard says the project team reviewed Fonterra’s world-wide asset network before deciding on the Studholme site. “It’s pleasing to see we are able to expand an existing site to produce these high-value ingredients. The Studholme site was chosen as it is the right size, relatively new and had been built with future expansion in mind. The project will also support the conversion of Studholme’s existing coal boiler to a coal-free alternative in line with Fonterra’s commitment to exit coal by 2037. Motor Bearing Specialists are proud to support Fonterra Motor Bearing Specialists Ltd • Bearing & Vibration Analysis • Thermal Imaging • Laser Shaft Alignment • Balancing (Dynamic & Insitu) Mobile: 027 222 5442 | Phone: (03) 688 7542 Email: rodney@mbs.net.nz | Web: www.mbs.net.nz 03 684 9118 • tom@activerefrig.co.nz PROUD TO SUPPORT FONTERRA - STUDHOLME design / install / service / maintenance Industrial Controls South Canterbury are proud to support Fonterra - Studholme

RkJQdWJsaXNoZXIy NDc2Mzg=