Home / Knowledge / News / Textiles / Cubbie Ag buys Dirranbandi cotton gin in Australia
Cubbie Ag buys Dirranbandi cotton gin in Australia
05
Nov '13
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.
 
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.
 
Over the next two years, the company would spend about Au$ 7 million to upgrade the facility and to increase its cotton ginning capacity.
 
Despite Cubbie now owning the ginnery, Dirranbandi cotton growers would still be able to process their cotton at the gin.
 
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.
 
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.
 
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.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search