The latest announcement is out from Bega Cheese Limited ( (AU:BGA) ).
Bega Cheese Limited has announced the consolidation of its Strathmerton operations into its Ridge Street site in Bega, aiming to complete the transition by mid-2026. This strategic move is expected to yield $30 million in annual cost savings and requires a $50 million capital investment at Ridge Street. The consolidation will result in a non-cash impairment and one-off cash costs related to redundancies. The project is anticipated to improve earnings per share by 2 cents and create approximately 100 jobs in the Bega Valley, while supporting the affected Strathmerton employees through the transition.
More about Bega Cheese Limited
Bega Cheese Limited, operating under the Bega Group, is a prominent player in the dairy industry, known for its cheese processing and packaging operations. The company focuses on maintaining globally competitive infrastructure and has a strong presence in Victoria, Australia, with multiple manufacturing facilities.
YTD Price Performance: 0.61%
Average Trading Volume: 115
Technical Sentiment Signal: Strong Sell
Current Market Cap: €1.03B
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