Irish multinational food company Kerry Group
will invest $13.7 million creating a centre for excellence for baked products
The Herald Sun reports that the site will
create 118 jobs, according to Victoria’s minister for state development Peter
“The development of this new $13.7 million bakery
operation will feature state-of-the-art manufacturing equipment and investment
in research and development,” said Ryan in a statement.
“The centre for excellence will
feature new manufacturing equipment including an automated baking line, pastry
line, automated cake and doughnut decorating, freezing and packaging lines,
slicing equipment and silos.
Ryan said it highlighted the state’s
appeal as a destination to invest in food processing by multinational
companies, and would assist in creating export opportunities.
The announcement comes a week after
Mondelez, another transnational food company, officially opened an Asian R&D hub in Ringwood.
The food and beverage industry is
consistently the strongest performing sector in Australian manufacturing, and led the sub-sector results in October’s PMI results.