CAPITAL INVESTMENTS – VICTORIA

Exxon refines a growth story at Altona

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 13-May-16

Global energy group ExxonMobil will invest $A370m in its oil refinery in the Melbourne suburb of Altona over five years. This includes $A20m that will be spent on upgrading the plant’s daily production from 80,000 barrels to 90,000. The Altona refinery accounts for about 50 per cent of Victoria’s fuel supply, and ExxonMobil’s Andrew Warrell notes that the downturn of the Australian dollar in recent years has made the facility more competitive.

CORPORATES
EXXONMOBIL CORPORATION, BHP BILLITON LIMITED – ASX BHP, VIVA ENERGY AUSTRALIA LIMITED

Murray Goulburn milks right formula

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Original article by Jared Lynch, Tim Binsted
The Australian Financial Review – Page: 16 : 16-Mar-16

Victorian dairy co-operative Murray Goulburn will invest between $A260m and $A300m on upgrading its infant formula factory in Koroit. The project will proceed after Murray Goulburn secured contracts to supply infant formula to US-based Mead Johnson and Indonesia-based Kalbe Nutritionals. The deal with Mead Johnson will result in the US company selling Murray Goulburn’s products to countries throughout the Asia-Pacific region.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, MEAD JOHNSON, KALBE NUTRITIONALS