Top 100 CEO Interviews
Issue No. 62 - December/January 2011
Holco seeks bigger slice of Queensland
Greater expectations of meat quality and a new processing and distribution plant in Brisbane are key ingredients for SA-based Holco taking a bigger slice of Queensland’s mining industry meat market.
Each week Holco processes and delivers about 300 tonnes of fresh beef, chicken, lamb and pork products across Australia from its operations in Adelaide and Darwin.
After opening the Queensland plant in late August, Holco expects to boost production by 50 tonnes per week within six months.
“We believe our income out of Queensland can grow to almost $20 million within 18 months,” says Holco MD, Mike Rankin.
Holco is already a major supplier of meat to the mining industry, through direct contracts or as a supplier to catering companies.
“With the rapid mining expansion in Queensland, we believe there is potential to significantly increase sales to mining camps, and this new plant will help us deliver that,” Mike says.
In 2010-11 Holco achieved $118 million turnover, an increase of 9% over the previous financial year, and aims to reach $140 million turnover within two years.
“We have got off to a good start this year, winning two major contracts in SA with a combined value of $3 million,” Mike says.
“Seeking new opportunities within Australia and overseas will be an ongoing focus for us in the next 12 months.”
Holco delivers meat to more than 250 hotels in South Australia...
