Member for Shepparton District Suzanna Sheed has welcomed GrainCorp Oils $50 million investment in its operation at Numurkah.
The investment will increase oilseed crushing capacity and efficiency at the plant, which Ms Sheed visited late last month.
She said GrainCorp Oils investment was another vote of confidence in the region.
“This $50 million investment is a further boost of confidence in the Numurkah region, on top of the $125 million investment made by GrainCorp Oils across Australia last year,” Ms Sheed said.
“It demonstrates that the Goulburn Valley remains an attractive place to invest and continues to be a highly productive region, with diverse businesses opportunities and a strong future.”
The latest GrainCorp Oils investment will involve installation of additional state-of-the-art technology to deliver a substantially higher oil yield than the current extraction process.
The investment will increase the crush capacity at Numurkah by 40%, to 1,000 tonnes per day and will increase the competitiveness of locally grown and crushed product versus imported oils.
It also offers the capability to expand to 1,400 tonnes per day, should demand continue to grow.
“This is good news for all local grain growers, with increased demand for grain likely,” Ms Sheed said.
The expanded plant will also be able to produce canola meal tailored for the local poultry and dairy industries.
The $50 million investment will deliver ongoing benefits to the regional economy, through a number of construction jobs, in addition to ongoing indirect benefits for the regional Victorian economy through the facility’s expanded production.
“The flow-on effects from this project will be felt throughout the community for many years,'' Ms Sheed said.
“It will contribute to the prosperity of local business, communities and the broader economy.
“I congratulate GrainCorp Oils for their continued commitment to this region and look forward to their continued success.”
20 May 2015