Ridley Corporation Limited Announces its New Feedmill Facilitates Rationalisation in Victoria
June 28, 2020 at 07:17 pm EDT
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Ridley Corporation Limited (Ridley) announced the successful commissioning of its new feedmill at Wellsford, Bendigo which facilitates the foreshadowed rationalization of its operations in Central/Northern Victoria. The construction and commissioning of Ridley's new poultry and pig feedmilll located at Wellsford, Bendigo has been completed on budget and commissioned as scheduled in this fourth financial quarter. Al production has been successful y transitioned from the former Bendigo feedmill to Wellsford, resulting in the cessation of operations at, and closure of, the old site. The site will be secured from a safety perspective and the remediation, demolition and redevelopment approval activities commenced and fully accounted for in the 2020 financial year to prepare the site for divestment. With a 350,000 tonne annual capacity, the new feedmill at Wellsford can absorb not only the production capacity of the old Bendigo feedmill but also that of the existing Mooroopna feedmill. Mooroopna production and customers will be transitioned to the new Wellsford site during the next six to nine months. Once this program has been successful y concluded, the Mooroopna site will be closed, made safe, and prepared for divestment. After consolidating the volumes from both the Bendigo and Mooroopna feedmills into the new Wellsford feedmill, there will still be an additional 70,000 tonnes of feed production capacity at Wellsford, located in this key farming region extending through Central and Northern Victoria.
Ridley Corporation Limited is an Australia-based company that is engaged in the production of animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilograms bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its product categories include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. It provides nutritional feed to a range of species, including dairy cows, poultry, pigs, beef cattle, horses, sheep, dogs, rodents, and native animals at all stages of life. The Company provides its products under the brand names Barastoc, Cobber, Rumevite, Primo, and Ridley.
RIDLEY CORPORATION LIMITED 
