GrainCorp is investing $200 million over three years to enhance the efficiency of its country grain storage network under a new initiative known as Project Regeneration.
“Project Regeneration represents the single largest capital investment in the country network in GrainCorp’s history. It will deliver a faster and more efficient rail capability for the benefit of growers and grain buyers,” said Don Taylor, GrainCorp Executive Chairman.
Taylor said the investment reflects GrainCorp’s commitment to provide improved service to customers as international demand for grain increases.
Through Project Regeneration, GrainCorp is seeking to return up to 1 million tonnes of grain to rail, through reduced train cycle times and streamlined, more reliable operations.
“Rail freight performance has been in decline for some years. Slow loading and short sidings mean grain trains are shunted across multiple sites and cycled slowly, creating both cost and complexity. Furthermore poor track conditions limit wagon weights and track speed, adding to inefficiencies,” said Taylor.
GrainCorp’s revamp will involve the closer of 72 smaller grain receival sites reducing the number of sites from 252 to around 180.
The core 180 sites receive 90 per cent of all grain delivered to GrainCorp’s network, allowing it to invest in sites where grower and buyer demand is greatest.
.png){kind=small}
.jpg)
