- Dairy manufacturer Keytone Dairy (KTD) has received all required licensing approvals for its second manufacturing facility in New Zealand
- Approval was given from the New Zealand Ministry of Primary Industries and, by extension, Chinese CNCA Approval
- The new facility will see the company’s production capacity more than triple in New Zealand on a one-shift basis
- The facility is now ready to commence full-scale production and meet customer demand
- Keytone’s shares are up 9.59 per cent today with shares trading for 40 cents each
Keytone Dairy (KTD) has received all required licensing approvals for its second manufacturing facility in New Zealand.
Approval was given from the New Zealand Ministry of Primary Industries (NZMPI) and by extension, CNCA registration (Certification and Accreditation Administration of the People’s Republic of China).
The receipt of this licence enables the immediate commissioning of the plant ahead of full-scale production.
The second facility has been constructed to comply with the highest food grade standards, is infant formula capable and has highly automated plant and equipment with technology which is new in New Zealand.
“Now that we have obtained the necessary licensing approvals from NZMPI for the second manufacturing facility, we are incredibly well placed to service the substantial demand from our client base in New Zealand, Australia and China,” CEO Danny Rotman said.
The additional capacity from this second facility will more than triple the company’s product flow.
Keytone Dairy is now in an optimal position to manufacture significantly higher volumes of finished product from its New Zealand facilities to grow sales and meet the demand of the existing client base.
“Coupled with our highly-experienced executive and sales team now in place, we are ready to capitalise on the opportunities available and grow the business exponentially,” Danny added.
Recently, the company appointed Kim Brown as Head of International Sales to assist with growing Keytone’s distribution footprint and its world-class manufacturing facilities in New Zealand and Australia.
Additionally, Keytone says current Company Secretary Dean Jagger has resigned and Heidi Aldred will be taking his place, effective today.
Keytone’s shares are up 9.59 per cent today with shares trading for 40 cents each at 1:18 pm AEDT.