The Dublin-listed firm stated the plant would act as the brand new headquarters in Australia and New Zealand, whereas its current facility in Sydney will retain a specialist analysis and improvement functions hub.
It stated its new Australia and New Zealand Improvement and Utility Centre in Brisbane would deliver its meals innovation cycle beneath one roof and enhance Kerry’s capability to drive meals innovation within the area.
The transfer represents a critical ramping up of the corporate’s presence within the area.
Kerry’s common supervisor for Australia and New Zeland Christine Giuliano stated the funding and enlargement will assist regional trade improvement.
“This funding [supported by the Queensland Government’s Advance Queensland Industry Attraction Fund] will pave a cost-effective and environment friendly path for commercialisation of recent merchandise, and concentrate on Kerry’s international innovation initiatives in well being and wellness, sustainability, comfort, affordability and premiumisation, permitting regional companies to attach and entry the worldwide market by leveraging the Kerry model,” she stated.
“It’s going to deliver the advantages of our international applied sciences to native meals and beverage producers,” she stated.
Kerry Group not too long ago suspended talks with its important shareholder, Kerry Co-op, concerning the potential sale of its dairy and shopper meals enterprise in Ireland.