Leading Australian horticultural business Costa is investing $60 million to expand its mushroom production facility at Monarto and create 200 new jobs in South Australia’s Murray and Mallee region.
The expansion will help the company meet growing national demand for fresh mushrooms and double production at the site from 120 to 240 tonnes a week.The South Australian Centre for Economic Studies estimates this expansion will boost the state’s grow product by $158.9 million over the next ten years.
This expansion means South Australia have the largest and most technologically-advanced mushroom production facility in Australia and supports our push to create the industries and jobs of the future.
Costa’s investment is being supported by the State Government through a total $1.8 million grant with equal contributions from the Economic Investment Fund and the Regional Development Fund.
Costa is one of Australia’s producing a range of different foods including avocados, bananas, berries, citrus, table grapes, mushrooms, and glasshouse tomatoes with major export markets to Asia, North America, and Europe.
The company has mushroom production facilities in five states. The Monarto facility is Costa’s newest mushroom farm – it opened seven years ago and is equipped with state-of-the-art mushroom production technology.
Construction on the expansion is expected to start later this year and be operational in 2018.
Costa’s Chief Executive Officer Harry Debney said the availability of land on the existing site helped make this investment happen with supporting infrastructure already in place and the existence of a one kilometre buffer zone around the site.
“This provides us with longevity of tenure and is important to ensure a return on our investment,” Mr Debney said.
“The Monarto site is our most modern facility and its central location relative to our network of farms means we can not only supply the local South Australian market with quality mushrooms but all other states within one to two days of shipment.”