- Coalition Government invests $1 million in Pactum Dairy Group expansion
- $18 million project will boost exports and create 14 new jobs in Shepparton
- Goulburn Valley Industry and Infrastructure Fund is building a better Shepparton
Fourteen new full-time jobs will be created at Pactum Dairy Group, as the benefits of the Victorian Coalition Government’s $5 million Goulburn Valley Industry and Infrastructure Fund continue to flow through to the local economy.
Deputy Premier and Leader of The Nationals Peter Ryan joined The Nationals candidate for Shepparton Greg Barr in Shepparton today to announce the Coalition Government would invest $1 million to support an $18 million expansion at Pactum Dairy Group.
The expansion will create 14 new full-time jobs, many more in the supply chain, and boost UHT milk exports to Asia.
The $18 million investment, which includes the installation of new filling lines, processing lines and associated infrastructure, will enable the company to process an additional 50 million litres of UHT milk per year, for a total of 200 million litres of UHT per year.
The Coalition Government’s $1 million investment will be provided through the Goulburn Valley Industry and Infrastructure Fund, and follows an earlier $950,000 investment to support a $60 million expansion at the Shepparton site which created 52 full-time jobs.
Mr Ryan said the additional processing capacity from this latest investment would enable Pactum to meet the ever increasing demand from Asia for Australian milk products.
“Asian countries, particularly China, have an insatiable thirst for Australian dairy products,” Mr Ryan said.
“Our reputation for producing high quality, clean, green dairy products, including UHT milk, make our products a must for the growing Asian middle-class.
“Pactum Dairy Group has been able to capitalise on our great reputation, with 75 per cent of its existing sales occurring overseas.
“Since beginning production earlier this year, Pactum has received strong interest from Asian countries to ship more of its product more often, which has meant this $18 million investment had to be fast-tracked to keep up with demand.
“The Coalition Government is a proud supporter of Pactum as it continues to grow and we are pleased to invest $1 million to support this $18 million expansion.
“A strong Pactum Dairy Group benefits local farmers and creates more jobs for locals and we look forward to continuing our strong association with the company over the coming years.”
Mr Barr welcomed the investment and said the pace of growth at Pactum was astonishing.
“Pactum’s rise has been truly remarkable, growing from nothing to be in a position to employ more than 65 locals and supporting many more workers in the supply chain and on-farm,” Mr Barr said.
“This investment is proof that food processing and manufacturing has a bright future here in Shepparton and the Goulburn Valley, and I applaud the Coalition Government for not only recognising that, but investing significantly to assist it.
“To have a strong and sustainable local economy, we need companies like Pactum to continue to invest locally.
“I am confident that it will not be too long before Pactum is considered right up there alongside other major Goulburn Valley companies such as SPC and Campbells as a major regional employer.”
Mr Barr said today’s announcement was the second project to be funded through the $5 million Goulburn Valley Industry and Infrastructure Fund.
It follows last month’s $1.37 million investment to enable Ryan Meat Company in Nathalia to undertake a $5.5 million expansion that will create 70 new full-time jobs and boost exports of lamb from the region.
Media contact: Ben Bulmer 0437 547 731