Today's board moves wrap includes Alexander Burns, Campbell Olsen, Narelle Warren, Rachel Kerr, Ian Cunningham, Nicholas Bolton, Neville Bassett, and Tudor Marsden-Huggins.
Ocean Grown Abalone is seeking to raise $2.9 million through a one-for-eight rights issue to progress the feasibility and development of its Esperance hatchery and grow-out project in Western Australia.
Our daily board moves wrap includes Chris Burton, Robert Ang, Ian Ricciardi, Mark Stowell, David Lenigas, Stephen Forman, William Rouse, Matthew Foy, and Dan Smith.
Major WA agribusinesses plan new investments to create scale and efficiency, while smaller operators are cooperating to access new markets with niche products.
Fremantle-based Ocean Grown Abalone has been granted a licence to develop 5,000 artificial reefs to harvest greenlip abalone at the company's Flinders Bay lease, located in Augusta.
ASX-listed Huon Aquaculture has been granted a license to operate an aquaculture farm off Geraldton, while Fremantle-based Ocean Grown Abalone has awarded a $2.7 million contract to build a processing facility in Augusta.
An upgrade to a meat processing plant at Katanning, a chicken feed mill in Muchea, a new piggery at Moora and a live lobster holding facility in Welshpool are the latest in a string of investments that will boost the agribusiness sector in Western Australia.
Poultry producer Ingham's Chicken will invest more than $70 million to build a new feed mill near Muchea as part of a plan to grow production volumes in Western Australia.
PHOTO ESSAY: Workers from Ocean Grown Abalone will install 5,000 concrete habitats, or Abitats, at Augusta during the next 18 months as part of anexpansion of the company's aquaculture business.
Augusta seafood group Ocean Grown Abalone's $5 million fund raising campaign is progressing under the stewardship of adviser View Street Partners, with the launch of its official offer document as
Western Australian businesses are being drawn to the long-term growth opportunities offered by the aquaculture sector as increasing demand from Asia drives investment.
The southern town of Augusta will be home to a new artificial reef as a Western Australian company uses local technology to improve productivity in abalone ranching.
