05 July 2017
The CBH Group has joined Interflour Group in celebrating the opening of the US$70 million Intermalt facility in Vietnam providing Western Australian grain growers with direct access to the Asian beer market.
CBH Chairman Wally Newman and Chief Executive Officer Andy Crane attended the ceremony together with directors and senior leaders including Interflour Group Managing Director and Chief Executive Officer Greg Harvey, Intermalt General Manager James Kirton and representatives from the Vietnamese government.
Mr Newman said CBH’s involvement in downstream grain processing, through its 50 per cent shareholding of Interflour, had diversified the co-operative’s income stream and resulted in increased market opportunities for Australian grain.
“CBH’s investment in Interflour 12 years ago was ground breaking and today’s opening of the Intermalt facility in Vietnam marks a new phase of growth for the business as it moves into barley processing and expands across South East Asia,” Mr Newman said.
“It will be a new chapter for Western Australian barley growers who now have direct access to Vietnam’s burgeoning beer market – the fastest growing beer market in Asia.”
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