VIP NAMED ONE OF WORLD'S BEST

Written on the 11 March 2011

VIP NAMED ONE OF WORLD'S BEST

NAMED as one of Petfood Industry magazine’s ‘Top 10 global petfood leaders’, VIP Petfoods has been a manufacturing powerhouse on the Gold Coast for almost two decades.

The company’s Yatala factory totals 7000sqm and handles most of VIP’s dry food manufacturing, packaging and export operations. Three additional factories located throughout Australia have been assigned specialist tasks including production and packaging of wet and dry food and processing fresh produce.

VIP continues to export around 40 per cent of its products to key Asian marketing including Taiwan, Hong Kong and Japan, but the high Australian dollar has CEO Tony Quinn (pictured) concerned about future negotiations.

“Our supply contracts with a number of key Japanese customers are up for renewal later this year and to be honest I don’t know how we will be able to compete,” he says.

“In the past, the only suppliers able to compete with us for Japanese contracts were typically Chinese manufacturers selling far inferior products. Our products are still among the best on the market, but now it’s just as cheap and in many cases cheaper to source quality pet food from Europe or the USA.”

Admitting many other companies are more affected by the high Aussie dollar, the charismatic race car driving Scot says he ‘shouldn’t complain’. The domestic market is growing strongly for VIP and more contracts for its often overlooked packaging services are on the horizon. The company’s vacuum packaging, storage and refrigeration solutions are utilised by other produce companies.

“Many people forget or don’t realise we have a very large store packaging division that’s completely unrelated to pet food,” says Quinn.

“In addition to work in that space, our pet foods continue to gain more market share and while we’re probably moving away from double digit growth, we’ll still sit around the 8 to 9 per cent growth rate.

“Given that the manufacturing industry average is around 3 to 4 per cent, we’re doing very well and expect to remain in a strong position despite the challenges facing our exports.”

Quinn continues to be a strong performer on Australia’s motorsport scene, racing an Aston Martin and the VIP Pet Foods Porsche, which came in third place behind both Audi factory teams at the Bathurst 12-hour race on February 6.

Top Companies 2011 Profile: VIP Petfoods
CEO: Tony Quinn
Revenue ’10: $300 million
Forecast growth: 8 per cent
Staff: 600
Established: 1992


Latest News

CROWN EMPLOYEES CONVICTED, JASON O'CONNOR TO SPEND 10 MONTHS IN JAIL

CROWN Resorts (ASX: CWN) employees who were arrested in October last year on suspicion of gambling offences have b...

QUICK TURNAROUND FOR $20 MILLION OFFICE IN MELBOURNE OUTER-EAST

AN office building in Melbourne's outer eastern suburb of Mount Waverley has sold for $20.5 million just two year...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

Related News

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter