PLANT SHUTDOWNS – QUEENSLAND

Gas price cut needed to save Gibson Island

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Original article by Peter Ker
The Australian Financial Review – Page: 14 & 18 : 21-May-19

Incitec Pivot has posted a 2018-19 underlying net profit of $41.9m, compared with $147.1m previously. The company has warned that its fertiliser plant at Gibson Island in Queensland will close by the end of 2019 unless action is taken to address the issue of high gas prices. CEO Jeanne Johns says it will not be viable to keep the plant open until 2022 unless gas prices fall. She has declined to comment on whether the federal government should use the Australian Domestic Gas Security Mechanism to restrict gas export volumes in 2019 and 2020.

CORPORATES
INCITEC PIVOT LIMITED – ASX IPL, ENERGYQUEST PTY LTD

Woolies’ abattoir gets the chop

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Original article by Sue Neales
The Australian – Page: 17 & 28 : 31-Aug-17

The imminent closure of the Churchill Abattoir in Queensland has been attributed to factors such as rising cattle prices and a shortage of cattle to process. Some 500 jobs will be lost when the facility at Ipswich closes in late September. The abattoir processes about 20 per cent of the beef that is sold in Woolworths’ stores, forcing the major retailer to seek a new supplier. Woolworths buys about 600,000 head of cattle each year, with between 9,000 and 12,000 being processed each week for sale across its store network.

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, CHURCHILL ABATTOIR, JBS DINMORE, TEYS BROS (HOLDINGS) PTY LTD, CARGILL AUSTRALIA LIMITED, OAKEY BEEF, STANBROKE BEEF, THOMAS FOODS, AUSTRALIAN MEAT INDUSTRY COUNCIL