New $22 million canning line launched at Coca-Cola’s Richlands factory

Manufacturing News

Beverage business Coca-Cola Europacific Partners (CCEP) Australia has opened a new $22.2 million line (pictured) at Richlands, able to make 2,000 canned drinks per minute, and announced a planned “multi-year $75 million investment” to “supercharge” output of Monster Energy Company’s caffeinated beverages at the same location. In a statement on Thursday, CCEP said the new…

Manufacturing news briefs – stories you might have missed

Manufacturing News

IDT Australia raises $2 million from shareholders Melbourne pharmaceutical manufacturer IDT Australia has raised $2 million via an over-subscribed share purchase plan to existing shareholders. The raising followed the successful completion of a $5 million placement to professional and sophisticated investors. The total capital raised will be used to fund the company’s capital expenditure programme…