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Lion Opens Largest Speciality Cheese Site in Southern Hemisphere After $150m Upgrade

20 May 2015:- Lion Ltd (Lion) will today officially open The Heritage – its specialty cheese manufacturing hub in Burnie, Tasmania, and the largest specialty cheese facility in the Southern hemisphere.

The Heritage has been significantly expanded and upgraded, with over $150m in direct investment from Lion, and valued support from the Tasmanian government and a wide range of local stakeholders. The site has been transformed into one of the world’s most technologically advanced specialty cheese facilities, with investment focused on improving the site’s capacity, capability, environmental impact and safety.

Lion CEO Stuart Irvine said “Specialty cheese will be a key value driver for our business, as a growing category that is strategically important to our customers. Lion is proud to be the clear category leader, with a powerful portfolio of brands that Australians know and love – from South Cape, to Tasmanian Heritage, Mersey Valley and King Island.

“We have significant headroom to increase specialty cheese consumption and maximise the impact of our portfolio, and our strategy is focused on unlocking this opportunity. Lion’s investment in The Heritage is integral to this, as we work to optimise the performance of our supply chain and achieve competitive efficiency and scale.

“The expanded site will also help us grow capacity and capability to innovate in specialty cheese, ultimately driving higher margin sales that deliver sustainable returns to Lion and through the whole supply chain.

“Today’s opening underlines Lion’s commitment to Burnie, and Tasmania more broadly. We invest significantly in promoting Brand Tasmania through our premium dairy and beer businesses. Lion employs almost 600 Tasmanians, and we are proud to partner local dairy farmers, while playing an integral role in the state’s food and beverage, hospitality, tourism and agriculture sectors.

“We look forward to welcoming customers, local, state and federal politicians, dairy farmers, industry leaders and suppliers to The Heritage today as we celebrate this important milestone” Mr Irvine concluded.