Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool trader Lempriere Group in the ratio of 80:20, has bought a cotton gin in Dirranbandi from Singaporean trading house Olam International.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
The company would spend up to Au$ 4 million by end of March 2014 for repair, maintenance and upgrades at the ginnery so as to enhance its output.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
Over the next two years, the company would spend about Au$ 7 million to upgrade the facility and to increase its cotton ginning capacity.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
Despite Cubbie now owning the ginnery, Dirranbandi cotton growers would still be able to process their cotton at the gin.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
The Dirranbandi region produces about 300,000-350,000 bales of cotton during a season, of which the Cubbie Station accounts for about 200,000-230,000 bales.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
Earlier in August this year, Cubbie Station received approval for building an Au$ 30 million cotton ginnery on a 93,000 hectare farm located in Dirrabandi town, but the company will now operate the Dirranbandi gin.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
In 2012-13 season, the Cubbie Station, located in Queensland’s southern inland and Australia’s largest cotton enterprise, harvested around 220,000-bale cotton crop, with the yield being better than expected at about 10.5 bales a hectare.
Cubbie Ag or CS Agriculture, which is co-owned by Chinese textile group Shandong RuYi and Japanese trading company Itochu, along with Australian wool #
Fibre2fashion News Desk - India