The investment has expanded local dairy production capacity, reducing reliance on imports and supporting food security.
The company is aiming to raise approximately US$2.4 million (A$3.5 million) through the offer of fully paid ordinary shares.
The contracts were signed with Creet International Contracting Company, Coldstores Group of Saudi Arabia, Laitram Machinery Inc, ION Exchange Limited, and Marel Stovring A/S.
Tetra Pak’s new Lund pilot facility will help food and beverage producers test aluminium-free carton technology at industrial scale.
These funds are part of the Dairy Business Innovation (DBI) Initiatives grant program administered by USDA’s Agricultural Marketing Service (AMS).