Over the next two years, the company will shift its Original Juice Company production from Mill Park to Shepparton, as the Melbourne site has limited room to expand.
The move will use existing vacant space at the SPC factory, allowing the company to meet growing customer demand for Original Juice Company products.
The shift is also expected to lower Original Juice Company transport costs, increase efficiency of handling fruit deliveries and provide access to apples and pears.
There will also be new extended shelf life (ESL) and hot-fill capacity at Shepparton, which the company says will enable new pack formats and give more opportunities to sell products domestically and overseas.
“We will unlock an additional 25 per cent capacity uplift in bottling and will double capacity in industrial juice processing.”
In its half-yearly report to the Australian Stock Exchange on Friday, February 28, SPC Global said SPC would remain a leading employer in the Shepparton area.
“This increased investment in the site is expected to provide more than 50 additional full-time jobs at Shepparton, maintaining SPC Global as a large-scale employer in regional Victoria,” the ASX was told.
“The total cost of the relocation and enhanced production capability is expected to be $23.5 million, and implementation remains subject to funding.”
In its report to the ASX, SPC Global declared revenue for the first half of the 2025 financial year of $197.9 million, and an EBITDA of $7.5 million (earnings before interest, taxes, depreciation and amortisation).
The H1 FY25 results are the first for SPC Global, following SPC’s merger with Original Juice Company, Nature One Dairy and Natural Ingredients to form the new company. It was listed on the ASX on December 17.
The company said the revenue and EBITDA results were in line with expectations, and were largely due to the strong performance of Nature One Dairy and Natural Ingredients.
SPC Global managing director Robert Iervasi said these financial results reflected the businesses’ individual performances prior to the merger.
“Since completion we’ve been reviewing operations and developing a robust understanding of the synergies and growth opportunities we can unlock,” Mr Iervasi said.
“We’ve shifted the focus to being a demand-driven and channel-led business, with the customer and consumer being at the centre of what we do every day.
“We’re changing our business planning process to manufacture products for addressable consumer trends and markets, rather than building and holding excess inventory.
“The new [short-term] capacity at Mill Park and the intended subsequent expansion of our Shepparton site brings forward our synergy realisation, which provides confidence in our strategic expansion.
“We’re well-placed to expand into new channels, create innovative new products and formats, and manufacture more efficiently to meet demand.”
29°C