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Goodman Fielder to close facilities in Australia, New Zealand
date:Sep 05, 2012
In an investor briefing, chief executive Chris Delaney said that the company would lower its manufacturing capabilities from the current 53 plants to less than 35 plants by June 2015.
The factory closures, which will primarily affect the bakery division, are expected to boost the company's manufacturing capacity from 60% to 85%.
Goodman Fielder has also initiated a review of underperforming business and plans to divest them, a move which is expected to improve the company's earnings margins.
The

07/09 08:15