Posts Tagged ‘Supply agreement’

ASX Company News: Warnambool Cheese Signs Supply Deal With Coles

Friday, January 20th, 2012

Warrnambool Cheese and Butter (WCB) announces the signing of a Heads of Agreement for a five year deal to supply dairy products to Coles Supermarkets under a new consumer brand. The new look consumer brand, Great Ocean Road, will be sold exclusively through Coles stores across Australia and includes a range of high quality cheddar cheeses and fresh milk products. WCB and Coles Supermarkets will now work together to formalise the Heads of Agreement into a five year supply contract.

Under the supply contract WCB will supply a minimum of 4,000 tonnes of quality cheddar cheese per year under the Great Ocean Road brand commencing in May 2012. WCB will also supply a range of fresh milk products into Coles Victorian stores under the new brand. The new deal signals a strategic relationship which is beneficial for both partners. Under the five year agreement, WCB will continue to build its branded consumer product business in cheese and other dairy products. WCB estimates the Great Ocean Road brand will require an additional 50 million litres of milk from dairy farmers each year for the five years of the contract. This will require additional production which means new investment and jobs for the region.

www.wcbf.com.au

http://www.traderdealer.com.au/fundamentals/wcb

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ASX Company News: Korab Resources Signs Phosphate Supply Agreements

Sunday, July 31st, 2011

Korab Resources (KOR), an Australian resource development and exploration company is very pleased to advise that Korab and it’s wholly owned subsidiary Geolsec Phosphate Operations P/L have been approached by a major trading house in relation to securing off-take agreements for supply of 150,000 tonnes per annum of Geolsec Organic Phosphate. The company seeking to secure the 150,000 tpa off-take from Geolsec is one of the largest Japanese general trading companies (sōgō shōsha) with an annual turnover of US$129 Billion and with interests in food products, food materials, forest products, chemicals, energy, metals, minerals, power, infrastructure, finance, logistics, IT business, transportation, plant & industrial machinery and real estate. The second aim of their approach to Korab is to explore potential for a partnership to develop and/or expand Korab’s Batchelor project’s production capacity.

Korab Resources Ltd is an Australian mining and exploration company based in Perth with operations in Australia and Europe. Korab’s quarrying and mining projects include rock phosphate and magnesium. The company also manages polymetallic exploration projects at Ashburton Downs and Tucker Creek in Western Australia and at Rum Jungle in the Northern Territory.

www.korabresources.com.au

http://www.traderdealer.com.au/fundamentals/kor

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