Canadian owned Saputo Dairy Australia has announced the last operating season of King Island Dairy, planning to close the facility and retiring the brand in mid 2025. The decision comes after a 10 month review that ‘sought to maximise value for the business by conducting an intensive review of all commercial and financial alternatives for…
McKenzie’s Foods innovates in food products Australian owned baking and cooking manufacturer McKenzie’s Foods has partnered with packaging and processing company Tetra Pak to release a new range of pulses packaged in Tetra Recart. The convenient packaging solution has the lowest CO2 footprint on the market in Australia and New Zealand. The range includes five…
By Peter Roberts Well, it has finally come to this. Manufacturing in Australia really has sunk to a low ebb when this nation blessed with rich agriculture regions can barely make even the most humble of products. I confess to being an occasional eater of baked beans – they must have been something my dear…
Food producer and manufacturer Ingham’s Group has reported an EBITDA of $471.1 million for FY24 up 12.6 percent on FY23 as it focused on acquisitions and capability, capacity and network resilience. NPAT was up 68 percent to $101.5 million on revenue up 7.2 percent over the previous corresponding period to $3.3 billion. Inghams CEO and…
The Australian Food and Grocery Council has released its latest State of the Industry report, which it says highlights the industry’s resilience in the face of rising costs, growing 11.6 per cent by value in 2022/23 though seeing a 7 per cent decrease in operating profit. Among highlights in the report: – The sector’s total…
Following last week’s hearings in Hobart, the House Standing Committee on Industry, Science and Resources heads to Melbourne to listen to witnesses including Pact Group, Australian Dairy Products Federation and Food Frontier on Wednesday. The eighth public hearings in the inquiry into food and beverage manufacturing will run from 9:00 a to 2:30 pm (AEST)…
The seventh public hearing of the House Standing Committee on Industry, Science and Resources’ inquiry into food and beverage manufacturing will be held on Thursday in Hobart. It is scheduled to run from 9:40 am – 12 pm at the Parliament of Tasmania, with local companies Lark Distilling Co, Tasmania Fresh / Tas’Mania, and Cadbury…
CSIRO has opened up its Innovate to Grow programme to small to medium enterprises (SMEs) hoping to advance their innovative ideas in the food innovation and technology sector. Led by experienced researchers, the programme helps participants examine technical and business challenges, explore research and development (R&D) opportunities, and develop actionable business and funding plans for…
Wine exports to China, on which harsh duties were removed earlier this year, are back to near-peak levels, the federal government has announced. On Monday agriculture minister Murray Watt said that over 9.8 million litres of bottled wine was exported to China in May, valued at $142.2 million. Of this, nearly 7.4 million litres worth…
Rio Tinto boosts stake in Australia’s second-largest smelter Rio Tinto has acquired Japanese conglomerate Mitsubishi Corporation’s interest in the Boyne Island aluminium smelter. It bought the 11.65 per cent interest in Boyne Smelters, which owns and operates the Gladstone, QLD based smelter, for an undisclosed sum. The acquisition follows Rio Tinto’s agreement to purchase shares in…
