Bindaree, Churchill re-open investment talks, after failing to secure Chinese JVs

HAS the dramatic turnaround in profitability in Australian red meat processing operations this year lowered the appetite among prospective Chinese investors seeking to establish a processing interest in this country? At least two of the large Chinese investment deals disclosed earlier by Australian-owned processors have failed to go ahead. When those deals were first agreed to, the balance sheets of Australian processing had arguably never looked better, with an abundance of cheap cattle being pushed to market by drought, and a hungry international customer-base keen to source Australian product. But wind the clock forward to 2016, and most processor balance…

Source: Beef Central
Bindaree, Churchill re-open investment talks, after failing to secure Chinese JVs