SPC goes under

[threedogs]

This company has been in our lives for ever but seems no longer, This is Big Fletchs area.
Shame as I've tried to support them as best I could.
Now all these fruit trees will probably be ploughed under. Lets hope not.
This company has supported 3-4000 employees, Big blow for a country town

[AB]

Time to start being a bit more self sufficient gents. I've already started with a dozen different fruit trees, strawberries, passion fruit, veges, etc

Give it ten to twenty years and you will not know quality or origins of the foods you eat unless you grow it yourself.

[Steve4wdin]

That is appalling, we pay stamp duty or GST on everything we buy. Lets start imposing tariffs on imports again and get Australia back on track or we will all have to work for the dole.
I feel very strongly about this.
Steve

[93patrol]

it shouldn't be going under as its owned by Coca-Cola Amatil and they posted a 250 million profit last year they just refuse to put the money back into the community its their fault its going under

[gaddy]

, they started down grading their sales force about 6 years ago , are sure sign they are looking at leaving , stuck all their eggs in the coles and woolies basket and then get screwed on trading terms progressively over the next few years .there are very few australian owned food manufacturers left and we need people to buy our products , I'm glad I work for a successful one that seems to be able to survive, San Remo group.

[PMC]

it shouldn't be going under as its owned by Coca-Cola Amatil and they posted a 250 million profit last year they just refuse to put the money back into the community its their fault its going under

Well stated 93patrol,

The sad thing is that Coca-Cola Amatil is a 9 billion dollar company and it definitely does not need tax payers monies to up grade its plants. The following is CCA strategy Analysis for 2013/2014.

Regards,

RLI

Strategy Analysis:

CCL's key strategy is to grow the Australian beverages market by finding new outlets and to improve returns in the core business. At the same time it is investing heavily to increase fridges in Indonesia where strong GDP growth coupled with a large population and low penetration suggest good long-term growth potential. The alcoholic beverages business is another attractive growth avenue with CCL able to leverage its sales and distribution infrastructure to maximum effect.

The Project Zero cost reduction program is a key contributor to profit growth in mature core markets. Value adding projects have been identified through to 2015. Acquisitions have played a part in diversifying to become a broader based beverage company. Neverfail was acquired for $225m in April 2003 and SPC Ardmona was acquired for $524m, diversifying into packaged fruit, in early 2005.

The Pacific Beverages distribution joint venture with SABMiller was formed in 2006 to distribute alcoholic beverages and sold late 2011. The Korean business was sold in 2007. Coca-Cola Amatil reported NPAT down 22.3% to $459.9m for the year ended 31 December 2012. Revenues from ordinary activities were $5.18bn, up 6.3% from last year. Basic and Diluted EPS was 60.4 cents compared to 78.1 cents last year. Net operating cash flow was $741.9m compared to $641.8m last year. The final dividend declared was 32.0 cents, taking the full year dividend to 59.5 cents compared with 52.5 cents last year.

The Australian business delivered solid volume and EBIT growth of 3.3% against a backdrop of weak consumer spending and very poor weather in the first quarter. The Australian business expects to again deliver revenue and earnings growth in 2014. In addition, the company believes productivity and efficiency gains from the Project Zero investment program will make a good contribution to earnings growth.

[threedogs]

@ AB it should be like years ago when our folks always had fruit trees , made their own jams etc,
I don't think the modern person has fruit trees let alone a veggie patch, every house has to have a lemon tree,
it should be the law lol.

[Clunk]

@ AB it should be like years ago when our folks always had fruit trees , made their own jams etc,
I don't think the modern person has fruit trees let alone a veggie patch, every house has to have a lemon tree,
it should be the law lol.

All very well and good if you have a yard big enough. Some of us don't have that luxury

[AB]

All very well and good if you have a yard big enough. Some of us don't have that luxury

True but you will be surprised what you can achieve in a little backyard if It's well planned.

Also, network with neighbours to grow different things and trade. Always a surplus at my house come harvest time.

If anyone's serious about it then I suggest you read a great book called Practical Self Sufficiency for Australia.

http://www.booktopia.com.au/practica...FUFwvAodzyMAzA

[threedogs]

Didn't the employees of SPC buy shares in the company to keep it open, a few years back