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Agribusiness

Quintis receives $US20m lifeline

Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.

IMF to bankroll Santanol fight

The private investors in sandalwood business Santanol Group, led by Tony Jack and Bob Bunning, have gained backing from litigation funder IMF Bentham for their fight against private equity group KKR.

CBH leads as WA co-ops feature in national report

The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country’s top 10 co-ops and mutual enterprises, a new report has found.

Minerals mismatch a super opportunity

Cuts to Chinese production and inaction by some big mining companies could present an opportunity for WA resources players.

Franceschi prepares for ‘avolanche’

Jennifer Franceschi has invested millions preparing for a surge of new avocado production entering the market.

Harmony to streamline livestock data

A Cottesloe-based agribusiness is hoping to improve operational productivity by increasing its use of data across the life cycle of its livestock and in its supply chain management.

WA citrus exports to grow 12-fold in three years

The state’s largest citrus packing facility opened in Bindoon today, supporting an export industry that is seeing huge growth.

Mackerel added to Mareterram catch

Shark Bay shellfish producer Mareterram is expanding into the mackerel business with the $4.95 million purchase of an established fishing fleet, support vessels, and licences.

Lock to chair Mareterram as Hutchinson retires

Seafood business Mareterram has announced a leadership reshuffle following the retirement of chairman Peter Hutchinson.

Avocado grower named businesswoman of the year

Avocado grower and Fresh Produce Alliance co-founder Jennifer Franceschi has been named the Telstra Western Australian Businesswoman of the Year, joining an alumni that includes Gina Rinehart.

Quintis terminates supply deal

Troubled Indian sandalwood producer Quintis has ended its sales agreement with a Chinese customer that was being investigated for customs evasion.

Exports grow as Chevron, Roy Hill ramp-up

SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA’s largest exporters in the BNiQ Search Engine.

Foreign capital boosts growth

SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state’s exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.

Crop production forecast up 12%

Cooler conditions and decent rainfall have prompted the grain industry association to boost production forecasts across regional Western Australia by 12.4 per cent.

CBH in grain movement record

West Perth-based CBH Group hit new records for grain shipments and rail movements in the 12 months to the end of September, the cooperative said today.

Wellard begins CEO succession

Local agribusiness Wellard has promoted non-executive director Fred Troncone to an executive position on the board, as its founder and chief executive committed to remaining with the company until at least the end of the year.

Insect protein just not cricket(s), yet

The production of crickets for human and animal consumption could be a fresh frontier for Western Australia’s agribusiness industry, if a Pinjarra-based small business fulfils its potential.

Fremantle Octopus to extend reach

Fremantle Octopus hopes a new trap and some extra cash will propel its business into a much broader marketplace.

Fogarty expands via McWilliams deal

Fogarty Wine Group’s Margaret River Vintners business has expanded its operations, taking on the Evans & Tate brand and assets, the Smithbrook and Pemberton Estate vineyards, and buying the Amadeus vineyard at Wilyabrup

Galati, Harcourt among finalists in entrepreneur awards

The founders of four Western Australian businesses, in industries ranging from mining software and horticulture to construction and industrial equipment, have been selected as finalists in the 2017 EY Entrepreneur Of The Year awards.

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