Saturday, 15 December 2018

NZ dairy firm Keytone Dairy lists on ASX

19 July 2018 | News

The company was founded by former Westland Dairy Co-op sales and marketing manager for Asia James Gong, who was born in China.

Keystone Dairy Corporation, a major New Zealand manufacturer, packer and exporter of dairy and nutrition blended products has listed on the Australian Securities Exchange.

Keytone commenced production of its KeyDairy products in 2014 and is a New Zealand manufacturer, packer and exporter of dairy and nutrition products. It has a particular focus on powdered dairy products.

Keytone owns a purpose-built packing and blending facility located in Christchurch, New Zealand.

This facility has a nominal maximum production capacity of about 1,500 tonnes per annum and is one of the few facilities dedicated to dairy and nutrition sachets and plastic jar products in the South Island of New Zealand, a fast-growing dairy region of New Zealand.

According to media reports, it raised $15 million in capital through issuing 75 million shares under an initial public offering which closed last week.

The company was founded by former Westland Dairy Co-op sales and marketing manager for Asia James Gong, who was born in China.

Keytone Dairy Corporation is chaired by former Warrnambool Butter and Cheese general manager Bernard Kavanagh.

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