AWB 0.00% $1.50 awb limited

AWB toInvest$18minStorageFacilities17/5/2002

  1. 4,330 Posts.
    AWB toInvest$18minStorageFacilitiesBy Ben Schneiders,17 May 2002
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    Wheat exporter AWB Limited (AWB) said today it would invest approximately $18 million in two new storage and handling sites at Mallala and Crystal Brook in South Australia. The sites are due for completion by November this year.
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    Chief executive, Andrew Lindberg, said the new facilities were part of the group's efficiency strategy, "Growers can expect savings of approximately $2 to $3 per tonne on the combined up country storage and handling fee and the rail deduction to port."
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    AWB said it was committed to reducing supply chain costs for wheat growers.
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    Shares in AWB are trading at $4.19, up three cents.
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