Singapore company Olam has been given the green light from the Overseas Investment Office for a $100 million-plus dairy processing plant build at Tokoroa in south Waikato. Olam Food Ingredients New Zealand has said it plans to begin operating the site in the third quarter of 2023. The milk processing plant will be the 15th in the Waikato and is expected to create 50-60 fulltime jobs when fully operational. Olam was a shareholder in New Zealand’s second biggest dairy processor and exporter, Open Country Dairy. The 11.8 hectare, industrial-zoned property is in Tokoroa’s Browning St.
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