Bega Cheese to build new lactoferrin plant

Company News

by Rachael Jones

Bega Cheese (ASX:BGA) is looking to establish a new lactoferrin plant at its Koroit facility in Western Victoria with an investment of approximately $34 million.

The company has secured a long term lactoferrin supply agreement, which will support the new plant.

Lactoferrin is a naturally occurring iron-binding protein found in milk that is known for its anti-microbial, anti-inflammatory and immunological properties.

As a high value and functional ingredient, lactoferrin is used globally in a range of consumer health and nutritional food products including infant formula.

Bega is an established manufacturer of lactoferrin having been producing the protein at Tatura since 2002.

This investment at Koroit will position Bega as one of the largest manufacturers of lactoferrin globally.

Bega Cheese (ASX:BGA) closed 1.25 per cent lower to $4.74 yesterday. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.