SPC Ardmona

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SPC Ardmona (SPCA) is an Australian-based company that specialises in large fruit packing and owns and operates a canning factory in Shepparton, and another factory in Kyabram Victoria. SPCA closed its Mooroopna processing plant in 2011.[1] It has many workers and is one of the main sources of income for that area.

SPC Ardmona was formed in 2002 by the merger of the former Shepparton Preserving Company and Ardmona. The company is currently owned by Coca-Cola Amatil in an acquisition that was finalised on 25 February 2005.[2]

SPC Ardmona carries the SPC, Goulburn Valley, Ardmona, IXL, and Taylors brands.[3]

Financial problems

In October 2013 the company sought financial assistance to modernise from the Federal and Victorian governments. SPCA requested A$ 50 million, including 25 million pledged to it by Kevin Rudd 4 days before the last Federal election. It wants the Victorian Government to match the Federal grant.[4]

SPCA will lose $25 million in 2013 compared to a $70 million profit 8 years earlier. In 2012 SPCA disposed of $100 million of fruit bought under contract because it could not be sold. "Plummeting" local and export orders were blamed.[5] A former Coca-Cola Asia executive, Peter Kelly went to the company in April 2013 to attempt to turn it around.[5]

In 2014, SPC Ardmona sought $25 million of government assistance as part of a plan to upgrade the Shepparton cannery. The proposal was later rejected by the Abbott government.[6]

References

  1. ↑ Sue Mitchell (2013-05-01). "Canning not so peachy". The Land. Retrieved 2013-12-21. 
  2. ↑ "CCA Acquires SPC Ardmona". Retrieved 2009-12-01. 
  3. ↑ "SPC Ardmona - Brands". Retrieved 2009-12-01. 
  4. ↑ Joanna Heath (2013-12-20). "SPC rattles the can". The Land. Retrieved 2013-12-21. 
  5. ↑ 5.0 5.1 Sue Neales (2013-10-05). "Without a $25m pledge, SPC `risks going under". The Australian. Retrieved 2013-12-21. 
  6. ↑ Packham, Ben. "Abbott government rejects aid package for SPC Ardmona". The Australian. Retrieved 7 February 2014. 

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