Kerry Group will spend a further 20 million Australian dollars (£9 million) in capital investment on its Australian food ingredients business, chief executive Mr Denis Brosnan has stated.

Speaking at the opening of Kerry's 20 million Australian dollars upgraded processing plant in Brisbane, Mr Brosnan said Kerry was aiming to have sales of 500 million Australian dollars in the Asia-Pacific region by 2005 through the acquisition of established processors and building new greenfield facilities.