KYABRAM IXL’s $60-$70 million future will be unveiled at a face-to-face meeting with the community on Monday.
Kyabram Jam Company Ltd said the site’s new local and international owners expected to invest $40 million to $50 million directly “to expand and repurpose underutilised parts of the site for dairy related production and processing activities”.
Which is expected to generate another $10-$20 million in economic stimulus for the town and surrounds.
The upgrades will begin in January and new infrastructure expected to be operational within six-to-12 months.
Kyabram Jam Company has also promised a further 30 new jobs and the 40 existing staff to remain as the site expands.
It also said it will employ local services wherever possible during development and will talk with local dairy farmers in the coming months to arrange suppliers for the plant’s new dairy arm.
Adam Pretty from Undera and prominent Malaysian businessman Loi Tuan Ee were announced as the buyers of the IXL jam factory from SPC in October this year.
Those living and working in the area will soon receive information leaflets with details about development and disruptions due to construction.
The owners of Kyabram Jam Company will be holding drop-in sessions on December 16 at Kyabram Community and Learning Centre, 21-25 Lake Rd, from 3 pm to 6 pm.