Ridley Corporation Limited announced that it has officially opened the $47 million, facility located at Wellsford, East Bendigo. The feedmill, which has an annual production capacity of 350,000 tonnes, will supply poultry and pig customers in the region of Central and Northern Victoria. Construction of the Wellsford facility commenced in April 2019 after it was identified that the existing facility in Bendigo had reached capacity and was unable to support the future growth of the animal protein industry in the region. Employees and production have been transitioned to Wellsford from the existing feedmill in Bendigo, which has now been closed and is being prepared for divestment. Production at the Mooroopna feedmill will also be absorbed by the Wellsford facility, with customers and production volumes being transitioned over the next six to nine months. The Wellsford feedmill investment completes Ridley's asset renewal program following the construction of new facilities at Westbury, Tasmania, and the Lara and Pakenham facilities in Victoria. In the last eight years, Ridley has invested $150 million in these four new facilities
to support the future growth of the Australian animal protein and companion animal industries.
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.