Australian grain companies form ports joint venture
July 01, 2002
by Emily Wilson
BRISBANE, QUEENSLAND, AUSTRALIA — Grainco Australia Ltd. and GrainCorp Limited have formed Bulk Terminals Australia, a joint venture company to operate their respective Brisbane and Newcastle port facilities.
BTA will operate Grainco Australia’s existing port facilities in Brisbane, at Fisherman Islands and Pinkenba and GrainCorp’s facilities at Carrington and Kooragang Island in Newcastle.
Grainco Australia Chief Executive Dave Woodall and GrainCorp Managing Director Tom Keene said that the agreement was groundbreaking for the industry, bringing the world’s best practice to Australia’s eastern seaboard.
"BTA will lead to better utilization of existing terminal capacity while avoiding duplication of capital investment," Woodall said. "The cost savings generated can then be passed back through the supply chain."
"While Grainco Australia and GrainCorp will now gain equal access to the Brisbane and Newcastle port facilities, we will continue to compete for product with each other and with other companies along the supply chain," he said.