AACo proceeds with $85m Darwin abbotoir

http://www.beefcentral.com/p/news/article/2307

"The Australian Agricultural Co board has approved the commencement of civil works and the appointment of a project manager for its meat processing facility near Darwin in the Northern Territory.

The plant at Livingstone Valley, 50km south of Darwin, will be developed at a total capital cost of around $85 million.

AA Co chairman, Donald McGauchie, said the decision was a significant milestone for the company and a natural next step towards vertical integration, particularly given AA Co’s proximity to the growing Asian markets."

...

"Earthworks would take 10-12 weeks to complete, the company said. Tender documents have also been released for drainage concrete, steelwork, insulated panel and specialised equipment.

Facility construction and equipment installation is expected to be complete in the third quarter of next year, with commissioning beginning immediately.

The plant will be built as a hot boning facility with flexibility to incorporate chillers for prime cattle processing when required.

The facility has a design capacity of up to 225,000 head/year, with a proposed throughput of around 200,000 head/year once production levels are achieved.

AA Co says the facility will create 260 direct and a further 530 indirect jobs, including substantial new opportunities for indigenous and female workers in the region. It is forecast to inject $126 million a year into the local economy, will be efficient from a carbon emissions standpoint, and improve animal welfare outcomes."
 
State of the States/Territories

http://www.switzerbroker.com.au/the-experts/craig-james/state-of-the-states/

"Economic growth

Ideally gross state product (GSP) would be used to assess broad economic growth. But the data isn’t available quarterly. Rather state final demand (household and business spending) is added to exports less imports to act as a proxy for GSP. Exclusion of the trade sector would provide an incorrect assessment of growth for economies such as Western Australia and Queensland.

The Northern Territory now leads the rankings on economic activity. Activity in the ‘top end’ is almost 39 per cent above its ‘normal’ or decade-average level of output.

Next strongest is Western Australia, with output around 34 per cent higher than the decade average level of output. Then follows the ACT (up 22.4 per cent) and Queensland (up 20.1 per cent).

At the other end of the scale, economic activity in Tasmania in the June quarter was just 5.5 per cent above its decade average while NSW activity was up almost 10 per cent on its “normal” or average output over the past decade.

The Northern Territory also has the fastest annual economic growth rate in the nation, up by a stunning 26.3 per cent on a year ago, ahead of Western Australia with 10.7 per cent and Queensland with annual growth of 6.8 per cent and the ACT with 6.4 per cent annual growth.

The weakest trend economic growth rate was recorded in Tasmania (-2.9 per cent) followed by South Australia and Victoria (both 2.4 per cent)."
 
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