Outlook improves for K&S
February 24, 2010
The directors of Mount Gambier-based transport company K&S Corporation today announced a net profit after tax of $9.2m for the half year ending December 31.
Operating revenue for the first half was $217.2m, a decrease of 12.5pc on the prior corresponding period. Read more
Mixed signals on business confidence
February 24, 2010
Business and consumer confidence in the region remains strong, but is slightly lower than it was six months ago, according to the latest BankSA State Monitor.
While signs of relief from Australia avoiding recession are clear, the latest survey shows rural business sentiment has moderated. Read more
‘Business as usual’ for dairy company
February 3, 2010
Dairy giant Murray Goulburn will attempt to gain a stranglehold of the milk production from the South East, following an aggressive takeover bid of its rival dairy processing company.
Murray Goulburn Co-operative has informed its shareholders that it has made a proposal to acquire all shares in the Warrnambool Cheese and Butter Factory (WCB), which has dairy suppliers across the Mount Gambier region and a holding facility and small boutique cheese factory at Mil Lel. Read more
Murray Goulburn reveals WCB bid
January 29, 2010
Murray Goulburn Co-operative Co Limited (MGC) today advised its supplier-shareholders it has submitted a proposal to acquire all the shares in Warrnambool Cheese and Butter Factory Company Holdings Ltd (WCB).
The letter explained that MGC put a proposal to the WCB Board in December last year and that this proposal had been rejected. Read more
Gas production ramps up
January 28, 2010
Adelaide Energy plans to double or even triple gas production from its Katnook plant near Penola in the coming months.
The plans include the use of a local firm to drill gas exploration wells. Read more
New Year SMS peak expected
December 30, 2009
Optus expects customers to send a record 57 million text messages and make 67 million mobile phone calls tomorrow.
Last year, Optus mobile customers sent 44 million SMS and made 58 million mobile phone calls on New Year’s Eve. Read more
New operator for Engelbrecht Cave
December 11, 2009
Engelbrecht Cave has a new operator.
Rhiannon Sims, who worked in the tourism industry on the Gold Coast until recently, and who also worked as a trainee at the Engelbrecht Cave two years ago, has signed a temporary lease agreement with Mount Gambier City Council. Read more
K&S announces WA acquisition
December 7, 2009
Mount Gambier-based public company K&S Corporation will continue to grow with acquisition of Western Australia’s Pacific Transport.
K&S managing director Legh Winser announced agreement was reached to acquire the Perth-based firm late last week. Read more
ACCC opposes Gunns’ ITC acquisition
November 26, 2009
The Australian Competition and Consumer Commission will oppose Gunns’ acquisition of ITC Timber due to concerns the sale would diminish market competition.
Gunns announced at the end of August it had agreed to owner Elders’ terms of sale for the timber processing division of ITC, which is separate to the forestry and managed funds sections of the business and includes mills in Victoria, Tasmania and New South Wales. Read more
Gunns closer to control of Great Southern
November 24, 2009
Gunns appears set to take control of 42,000 hectares of Green Triangle plantations established by failed agribusiness Great Southern.
The Tasmanian timber giant has reached the final stages of negotiations to acquire the assets after previously building a strong presence in the region by buying Auspine and starting development of a major woodchip export terminal at the Port of Portland. Read more
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