ON THE same day it posted a record $56.8 million profit for the year, a Robinvale almond producer has revealed plans to invest $10 million into a state of-the-art almond processing facility.
Select Harvests released its 2015 financial overview on Friday, showing a 163 percent increase in profit on the back of a record almond crop and record prices in 2015.
It also detailed its plans for future investment, including the development of a “value adding” facility adjacent to its $12.5 million hulling and shelling plant at Carina West.
The new facility will allow the company to blanch, roast, slice, grind and pack almonds onsite, and will employ an extra 12 full time staff.
The company also announced plans to expand its orchards following the signing of a $150 million agreement with superannuation fund First State Super.
For more on this story, pick up a copy of today’s (Monday, August 24) Guardian.
