Agribusiness

Based in the Wheatbelt town of Cunderdin, agricultural machinery manufacturer Trufab Global has been nominated as Australia’s only finalist in the 2018 Swedish Steel Prize.

Australia was one of 11 nations that signed on to the successor to the Trans Pacific Partnership trade deal in Chile last night, just more than a year after the United States pulled out of the original deal.

Fourteen females have been inducted into the WA Women’s Hall of Fame today as part of International Women’s Day, while a new report out reveals a spike in female board appointments to start the year.

The receivers of Quintis have sought to retain full control of the sandalwood producer, appointing Primary Securities as an independent consultant and arguing that plans by growers to take control of some forestry schemes would be counterproductive.

Improved margins on live cattle voyages have helped agribusiness Wellard reduce its net loss after tax for the first half of the financial year to $7.5 million, nearly 60 per cent lower than the previous corresponding period.

A critical ruling by the corporate regulator has forced Quintis investors to adjourn a meeting that was called to appoint a new responsible entity for their 2002 sandalwood project.

The Quintis story is another example of the failure of tax-driven plantation schemes to deliver for investors.

Three partners of McGrathNicol have formally taken control of sandalwood producer Quintis and its Australian subsidiaries after being appointed as receivers and managers today.

The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.