Animal feed manufacturer Ridley Corporation has reported strong performance in FY22 as it emerged from the rationalisation of its Australian production sites and benefitted from its growth strategy and focus on efficiency. The company reported operating profit from ongoing operations up 16 percent to $80 million on revenue up 13 percent to $1.05 billion, navigating…
Ridley Corporation has completed its rationalisation and modernisation programme, opening its new $47 million feedmill at Wellsford, East Bendigo. The mill, capable of producing 350,000 tonnes of feeds annually, will supply poultry and pig farms in Central and Northern Victoria. In keeping with Covid-19 restrictions the opening was a virtual affair, with only the Mayor…
Animal feeds producer Ridley Corporation has commissioned its new poultry and pig feedmill at Wellsford near Bendigo in Victoria. All production has been successfully transferred from the former Bendigo mill to Wellsford, with the old site now closed and being readied for sale. The new feedmill has a capacity of 350,000 tonnes a year, with…
Diversified animal nutrition business Ridley Corporation was hit by drought conditions across eastern Australia during 2019 but reported steady earnings after a recovery late in the year. The company reported an operating EBITDA of $30.7 million for the first half of the year after providing $7.2 million for the closure of a feed mill at…
Ridley Corporation (ASX: RIC) has opened a new animal feed extrusion plant at Westbury in northern Tasmania. The plant, capable of producing 50,000 tonnes a ear of aquaculture and pet foods, is strategically located close to transport to supply the Australian mainland as well as the state. Ridley CEO, David Lord praised the high quality,…
Dyno Nobel Limited (ASX:DNL) reported a statutory net profit after tax of $7 million for the first half of 2025, marking a significant turnaround from the $148 million loss in the same period last year, according to financial results released on Monday. The explosives and fertiliser company is making substantial progress on its strategy to…
Titomic signs collaboration agreement with DNV Last week cold spray additive manufacturing company Titomic announced a strategic collaboration agreement with DNV, an assurance and risk management provider. According to a statement from Titomic, it will advance Titomic’s efforts to obtain certifications for its coating and repair technologies across the oil and gas and maritime sectors,…
GreenHy2 to provide hydrogen power generation, storage to Telstra Hydrogen energy storage manufacturer GreenHy2 has signed a Federal Government Grant to provide its Hy2MEDI generation and storage system to Telstra. The System, valued at $1.5 million, will be funded by the Australian Government from the Telecommunications Disaster Resilience Innovation (TDRI) Program, Power Resilience Round. GreenHy2…
Starpharma’s loss, strong financial position Biotechnology company Starpharma‘s loss narrowed during FY24 by 48 percent from $15.6 million to $8.2 million. Net cash outflow of $11.8 million was down $7.4 million from FY23 on revenue up 132 percent to $9.8 million. Revenue included a one-time $6.6 million cash payment from Mundipharma on termination of a…
Alpha HPA begins work on second stage battery metals plant Aluminium chemicals company Alpha HPA has begun site construction activities for Stage 2 of its $500 million high purity alumina battery metals precursor plant at Gladstone, Queensland with with earthworks activities now underway (pictured). The plant is capable of producing 10,000 tonnes of HPA equivalent…
