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INGHAMS GROUP LIMITED — Capital/Financing Update 2017
May 29, 2017
65128_rns_2017-05-29_c75ba632-a6f6-44f4-a46a-b35dd419dbd4.pdf
Capital/Financing Update
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ASX Release
Ingham’s extends supply agreement with Woolworths
Sydney (30 May 2017): Inghams Group Limited (ASX: ING), Australia and New Zealand’s leading poultry producer, announced today that it had extended its national agreement as the majority supplier of poultry products to Woolworths supermarkets in Australia until mid-2021.
CEO and Managing Director Mick McMahon said: “This agreement extends our supply relationship with Woolworths to over 60 years and supports our investment in capability and capacity to meet market growth and demand for Ingham’s quality products.”
The extension is part of Ingham’s ongoing strategy of formalising long term supply relationships with major customers where appropriate.
Mr McMahon said: “Long term supply agreements with major customers now account for over 65% of Australian poultry volumes with average remaining tenure exceeding 3 years.”
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Veneta Chapple M: + 61 (0) 455 372 311 | E: [email protected]
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Inghams Group Ltd. Level 4, 1 Julius Avenue, North Ryde, NSW, Australia 2113 • Locked Bag 2039, North Ryde, NSW, Australia 1670 • Ph: +61 2 9826 4444