50 to 60 full time jobs are coming to the South Waikato with the building of a dairy processing plant in Tokoroa. Singapore company Olam is behind the plans and hopes to be up and running in the third quarter of 2023. Olam Food Ingredients Dairy senior vice president Naval Sabri says the company is taking expressions of interest from potential farmer suppliers, employees, contractors and trade suppliers. He is confident they will attract enough milk suppliers within a 100 kilometre radius of Tokoroa.
Olam International is a global food and agribusiness operation, indirectly owned by the Singapore government. The company has yet to receive Overseas Investment Office clearance for the plan to build the $100 million-plus factory but history in NZ suggests its applications are likely to be rubber-stamped. It will become the 15th milk processing site in Waikato. Open Country has two sites in the Waikato. Fonterra has eight and there are processing plants owned by Tatua cooperative near Morrinsville, Miraka near Taupō, and Synlait and Yashili at Pokeno.