National Foods to Restructure Australian Dairy Plants

National Foods said the company is planning to invest $55m in the Crestmead manufacturing facility near Brisbane and will close its Booval milk processing plant.

The investment will allow the Australian dairy firm to increase milk production at the Crestmead facility from 140 million litres to 250 million litres by 2012.

The decision comes one year after Japanese-owned company National Foods took over the Australian-owned company Dairy Farmers.

The company expects the Crestmead site expansion to be completed by early 2011.