| ||MEDIA RELEASE GrainFlow acquires Narrabri NSW Storage & Handling Facility|| ||
GrainFlow, a subsidiary of Cargill Australia, today announced it had acquired the assets of Narrabri NSW cottonseed storage and handling facility Corglen.
Cargill Australia’s Managing Director Penne Kehl said this acquisition has a total of 130,000 m/t capacity of cottonseed storage and is located close to Cargill’s Narrabri plant which is Australia’s leading cotton crusher.
“The site will become part of our GrainFlow storage and handling network and will predominantly be used to store cottonseed for processing at Cargill’s Narrabri plant,” Ms Kehl said.
“The site will also be used for receivals of wheat, chickpeas and other soft commodities providing local growers with more competition,” she said.
Cargill Narrabri plant crushes cotton seed to produce oil for domestic consumption and cotton meal feed for the Australian and New Zealand livestock market.
“This significant investment continues to demonstrate Cargill’s long-term commitment to the future and success of Australian agriculture and farmers, and we are delighted with this new opportunity in the NSW cotton industry,” said Ms Kehl.
“We look forward to bringing our cotton industry expertise and experience to enhance and build this storage and handling business,” said Ms Kehl.
Media contacts: Peter McBride, 03 9287 0326 or 0417 662 451