ABB plans malthouse development

ABB also plans to invest $45 million in developing an integrated supply chain in New Zealand to support growing importing and distribution opportunities.

ABB said at the release of its first half results last month that its malt division, Joe White Maltings, was performing strongly and that demand for malt was being boosted by increasing consumption of beer in Asia.

In New Zealand, which is an importer of grain, ABB is looking to invest $24 million in feed mill and storage facilities in South Auckland, $10 milliom in storage facilities in Tauranga and Taranaki and $11 million on acquiring NZ Grain and Seed, maize drying and marketing.

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