July 2, 2020
Ridley closes two sites in Victoria, Australia, after commissioning new feed mill
Feed producer Ridley Corporation will close and put for sale two sites in Victoria, Australia, following its commissioning of a new $47 million poultry and pig feed mill at Wellsford near Bendigo in Victoria in June.
The Wellsford plant has a capacity of 350,000-tonne, taking over operations from those two sites. Ridley's Bendigo mill will be demolished and the site will be sold off in the 2020-21 financial year.
The operations at Ridley's Mooroopna feed mill near Shepparton in northern Victoria's Goulburn Valley will also be shifted south to the Wellsford plant. That site is also to be sold off after production is transferred during the next six months.
After absorbing the Bendigo and Goulburn Valley businesses, the Wellsford plant would still have an additional capacity of 70,000 tonnes, according to Ridley's managing director, Quinton Hildebrand.
"Having invested just over $47 million in the new Wellsford facility, it is important that we take full commercial advantage of its superior efficiency and production quality," Hildebrand said."Our focus for the year ahead will be to improve utilisation across our asset portfolio. Unfortunately, that means the closure (of the Mooroopna feed mill)."
He added: "We will be working closely with our customers in coming months to ensure they benefit from a seamless transition to the Wellsford supply arrangements."
In the past eight years Ridley had opened new feed mill sites at Pakenham and Lara in Victoria and Westbury in Tasmania.
- Farm Weekly