MANUFACTURER RAISES ITS GLASS IN SOUTH AUSTRALIA

Written on the 25 February 2016

MANUFACTURER RAISES ITS GLASS IN SOUTH AUSTRALIA

PACKAGING company Orora (ASX: ORA) today announced a grand plan to bottle up the South Australian market, quite literally.

Having committed to invest $42 million in additional glass bottle forming lines in its Gawler facility, the Western Australian-based company plans to increase its output by 60 million bottles per annum and create 25 new jobs in the process.

Orora managing director and CEO Nigel Garrard says this decision marks the single largest capital investment in the company's future growth, made in line with a booming southern wine industry and a competitive Aussie dollar.

"Orora's glass business is experiencing increased demand within the wine segment driven by the repatriation of wine currently bottled offshore for bottling in Australia, and the positive impact of the lower Australian dollar on customer volumes," says Garrard.

"The glass business is already in an oversold position, and this investment will further enhance Orora's ability to service the increased demand from its customers."

Garrard says SA State Parliament and the Investment Attraction Agency have also been major players in the company's expansion success.

"The strong support of the South Australian Government, particularly Minister Hamilton-Smith and Minister Brock, together with South Australia's Investment Attraction Agency, have been important in securing this investment."

Garrard expects the flow-on effects from Orora's South Australian endeavours to be highly beneficial to the region, with local engineering, electrical service and raw material suppliers all set to get on board.

The new facility is expected to be fully operational in the first half of 2017 with a team of about 85 set to work on construction.

A further $10-15 million investment in automated warehousing may also be on the cards, although no official confirmation has been made.


Latest News

WOOLWORTHS CLAIMS LEGAL VICTORY IN STOUSH WITH LOWE'S

SUPERMARKET giant Woolworths (ASX: WOW) has been given the go-ahead to sell its Masters property assets after winn...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

PRICELINE STORE ROLLOUT BOOSTS API'S FULL YEAR PROFIT FORECAST

Australian Pharmaceutical Industries (ASX: API) has booked a rise in half year net profit of $29.1 million on the bac...

CITY DWELLERS SETTING EYES ON REDCLIFFE AS PROPERTY SEACHANGE BECKONS

IT MAY be cool by the sea at Redcliffe, however strong sales at Kyko Group's Mon Komo development prove that t...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter