23 September 1998
Milk Marque wants to build £50m processing plant
By FWi staff
MILK MARQUE has applied for planning permission to build a £50 million processing plant in south-west England.
Milk Marque officials said they had identified a site near Cullompton in Devon. If plans come to fruition, the plant will process about 2m litres of milk each day from local farms.
Building of the plant will be funded using a mixture of farmer-equity and bank loans. The banks would be approached when plans for the plant were more concrete, said Milk Marque development chairman, Andrew Dare.
“As we get nearer to a solid proposal, Im sure the banks will come in,” Mr Dare told journalists at the European Dairy Event at Stoneleigh, Warwickshire.
The new processing plant will strengthen Milk Marques role as a milk processor.
The farmer-owned co-operatives Aeron Valley cheese plant in Wales has doubled production capacity to 8000 tonnes a year since it was bought last year.