GrainCorp boosts oilseed crushing capacity

Company News

GrainCorp Limited (ASX:GNC) will invest $50 million to boost oilseed crushing capacity and efficiency at its Numurkah facility in Victoria. 
 
The grain handler says the project is aiming to create a strategic hub for oilseeds crushing and refining in the state. 
 
Managing Director and CEO Mark Palmquist has advised demand for healthy oils based on canola and other oilseeds continues to grow in Australia. 
 
The news comes just one day after Graincrop said it will undertake a significant expansion of malt production capacity at its Great Western Malting facility in Idaho.
 
GrainCorp reported a net profit of $30.2 million over the six months to the end of March 2015. 

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