ANIMAL nutrition company Ridley will build a new feedmill at Geelong, Victoria, to service the poultry and pork markets.
The project is expected to cost around $20 million over a construction period of up to 18 months.
Ridley acquired the 5.3 hectare parcel of land on the north eastern outskirts of Geelong in August 2014, with approximately 21,000 tonnes of existing grain silo storage capacity and other infrastructure.
In a statement released today, Ridley says since it bought the site, it had been working to secure the incremental contracted sales volumes and freight arrangements required.
Ridley says the feedmill will service poultry and pork customers in the region around Geelong and wider western Victoria, with the region being the key growth area for broiler farms in the State.
With an initial annual production capacity of 250,000 tonnes, the plant's design is modular in concept to allow for capacity to be expanded over time.
Up to $800,000 of external government funding support has already been awarded to Ridley under the Geelong Regional Innovation and Investment Fund (GRIIF).
Ridley says about 20 full-time operational and support roles will be generated to operate the feedmill.