SunRice

Last updated

Ricegrowers Limited
Type Public
ASX:  SGLLV
IndustryFood and Beverage Manufacturing
Founded1950 [1]
FounderNSW Rice farmers [1]
Headquarters Leeton, Australia
Key people
Laurie Arthur, Chairman
Paul Serra, CEO
ProductsBulk Rice, Rice Products
Increase2.svgA$1.6 billion (2023)
Number of employees
2000+ [2]
Website www.sunrice.com.au

SunRice is the consumer brand and trading name of Ricegrowers Limited, which is one of the largest rice food companies in the world and one of Australia's leading branded food exporters. [3] In the 2023 Financial Year, the company recorded revenue of A$1.6 billion and Net Profit After Tax of A$54.8 million. [3]

Contents

The SunRice Group comprises multiple businesses, assets and operations across Australia, New Zealand, the Middle East, the United States, the Pacific Islands and Asia. [3] It has around 35 major brands in approximately 50 global markets and employs over 2,000 people. [3]

Australian rice production is based in regional southern New South Wales. The company's head office is located in Leeton (with a corporate office also in Sydney), and it has rice mills in Leeton, Deniliquin, and Coleambally. SunRice also operates stockfeed plants in Leeton, Tongala and Cobden. [4]

In 2020, the SunRice Group celebrated its 70th anniversary. In the same year, its CopRice business converted the Coleambally Mill into a ruminant feed mill, the largest of its kind in Australia. [5]

Today, the SunRice Group has operations across Australia, the USA, Singapore, United Arab Emirates, New Zealand, Solomon Islands, Japan, Jordan, Vietnam and Papua New Guinea. [6]

Products

SunRice manufactures more than 700 products - from table rice and rice flour, snacks and rice meals, to companion animal and livestock products.

Around 80% of the Australian crop is exported as branded product in an average year to key markets including Asia, the Pacific and the Middle East. [4]

During the 2017 financial year, the Company experienced significant market share growth in the domestic Australian snack foods sector due to increasing sales of microwave rice meals. [2]

To complement its Australian operations to ensure reliability of supply in low crop years, while enabling Riverina growers to focus on premium varieties that provide higher farm-gate returns, SunRice is establishing sustainable and secure global sourcing and supply chains. In 2016/17, SunRice sourced 320,000 paddy tonnes from Vietnam and has opened a representative office in the country. [2]

Business units and brands

CopRice

CopRice has been supplying animal feed for over 30 years through its plants in Leeton, Tongala and Cobden. The CopRice business was originally established in response to the availability of rice by-products, such as rice pollard: a feed which is high in energy and protein. Rice now represents only one of the many ingredients used by CopRice. CopRice also operates a pet food business.

Riviana Foods

Riviana Foods is a gourmet food distribution, sales and marketing company owned by SunRice. It has the largest share of olives and pickled vegetables in the retail channel in Australia.[ citation needed ] In its grocery business, important brands include Always Fresh, Felhbergs, Admiral, Captain, Riviana and Mahatma. Riviana Foods also has a strong presence in the food service sector and an extensive portfolio of brands including Riviana, Menu Master, Garden Supreme and Ocean Supreme.

Trukai Industries

Trukai is a rice product packaging, distribution, sales and marketing company that is two-thirds owned by SunRice, with the remaining interest held by the people of Papua New Guinea (PNG) through the Pacific Balanced Fund.

Registered in 1970 by SunRice, Trukai has a number of well-established brands including Trukai and Roots Rice. Trukai's head office and processing base is located in Lae, with a marketing office in Port Moresby and distribution facilities located throughout Papua New Guinea. Trukai employs over 1,000 people throughout the country.

SolRice

Solrice, located in the Solomon Islands, is a distribution, sales and marketing company wholly owned by SunRice.

SunFoods

SunFoods is a rice milling, distribution and marketing company that was established in 2008 and now owned by SunRice. SunFoods is the owner of the Hinode brand, which was created by the California-based Rice Growers Association in the 1930s. The Hinode brand is very strong in medium-grain rice markets throughout the US, and is stocked in retail outlets including Walmart, WinCo Foods Stores and Kruger. SunFoods’ head office and milling base is located in Woodlands, California.

AGS

SunRice's wholly owned subsidiary AGS owns and operates Riverina-based grain storage infrastructure with capacity exceeding 1 million tonnes.

RRAPL

Rice Research Australia Pty Ltd (RRAPL), a wholly owned subsidiary of SunRice, undertakes rice varietal and agronomic research and development in partnership with the NSW Department of Primary Industries and the Rural Industries Research and Development Corporation (RIRDC). RRAPL operates a leased farm in the Riverina for its activities. [7]

Related Research Articles

<span class="mw-page-title-main">Weet-Bix</span> High-fiber and low sugar breakfast cereal biscuit

Weet-Bix is a whole-grain wheat breakfast cereal created and manufactured in Australia and New Zealand by the Sanitarium Health Food Company, and in South Africa by Bokomo.

<span class="mw-page-title-main">Kellogg's</span> American multinational food company

The Kellogg Company, doing business as Kellogg's, is an American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States. Kellogg's produces cereal and convenience foods, including crackers and toaster pastries, and markets their products by several well-known brands including Corn Flakes, Rice Krispies, Frosted Flakes, Pringles, Eggo, and Cheez-It. Kellogg's mission statement is "Nourishing families so they can flourish and thrive."

<span class="mw-page-title-main">Riverina</span> Region in New South Wales, Australia

The Riverina is an agricultural region of south-western New South Wales, Australia. The Riverina is distinguished from other Australian regions by the combination of flat plains, warm to hot climate and an ample supply of water for irrigation. This combination has allowed the Riverina to develop into one of the most productive and agriculturally diverse areas of Australia. Bordered on the south by the state of Victoria and on the east by the Great Dividing Range, the Riverina covers those areas of New South Wales in the Murray and Murrumbidgee drainage zones to their confluence in the west.

<span class="mw-page-title-main">Yoplait</span> French yogurt brand

Yoplait is the world's largest franchise brand of yogurt. It is jointly owned by American food conglomerate General Mills and French dairy cooperative Sodiaal.

<span class="mw-page-title-main">Leeton, New South Wales</span> Town in New South Wales, Australia

Leeton is a town located in the Riverina region of New South Wales, Australia. Leeton is situated in the Murrumbidgee Irrigation Area. It is the administrative centre of the Leeton Shire Council local government area, which includes neighbouring suburbs, towns and localities such as Yanco, Wamoon, Whitton, Gogeldrie, Stanbridge and Murrami. Situated in one of the most productive farming regions in the state, the town was designed by Walter Burley Griffin and purpose-built for the irrigation schemes announced by the New South Wales government in the early 20th century. The Leeton Shire possesses numerous citrus, rice, cotton, grape, walnut and wheat farms. Leeton is known as Australia's Rice Capital, as well as The Heart of SunRice Country, as it is home to the headquarters of SunRice corporation, one of Australia's largest food exporters. Other industry includes Arnott's Biscuits, the Daily Drinks Company, JBS Australia, Webster Limited, and Murrumbidgee Irrigation Limited. Tony Reneker is the current mayor of Leeton.

<span class="mw-page-title-main">St Francis de Sales Regional College</span> School in Australia

St Francis De Sales Regional College is an independent Roman Catholic co-educational secondary day and boarding school, located in the Riverina town of Leeton, New South Wales, Australia. Founded in 1956 by the Marist Brothers, the College is one of three secondary schools serving Leeton, most enrolments come from Leeton, with students also drawn from around the region as a result of the school's boarding program. These include Griffith, Narrandera, Deniliquin, Coleambally and Hay. The school is situated on Yanco Avenue on the southern approach to Leeton.

<span class="mw-page-title-main">Coleambally</span> Town in New South Wales, Australia

Coleambally is a small town in the Riverina of New South Wales, Australia, in Murrumbidgee Local Government Area.

The United Africa Company of Nigeria is a Nigerian publicly listed company based in Lagos. Its areas of operation include manufacturing, services, logistics and warehousing, agricultural and real estate. UACN's food operations include UAC Franchising, UAC Restaurants and UAC Dairies. It also has equity stake in UACN Property Development Company, a quoted firm, CAP Plc, makers of Dulux paints and Portland Paints, manufacturers of Sandtex paints.

Riceland Foods, Inc. is a United State based, farmer-owned agricultural marketing cooperative.

<span class="mw-page-title-main">City of Griffith</span> Local government area in New South Wales, Australia

The City of Griffith is a local government area in the Riverina region of south-western New South Wales, Australia. The area comprises 1,640 square kilometres (630 sq mi) and is located in the Murrumbidgee Irrigation Area and on Kidman Way.

<span class="mw-page-title-main">Ebro Foods</span> Food processing company

Ebro Foods, S.A., formerly Ebro Puleva, is a Spanish food processing company. Ebro Foods is the world's largest producer of rice and the second biggest producer of pasta. The company's head office is in Madrid.

<span class="mw-page-title-main">Tiger Brands</span> South African packaged goods company

Tiger Brands Limited is a South African packaged goods company. In addition to the company's South African operations, Tiger Brands has direct and indirect interests in international food businesses in Chile, Zimbabwe, Mozambique, Nigeria, Kenya, Lesotho and Cameroon. Tiger Brands is South Africa's largest food company.

<span class="mw-page-title-main">Pioneer Foods</span> South African food company

Pioneer Foods is a South African packaged goods company which in March 2020 became a subsidiary of PepsiCo. It operates in South Africa as well as two other African countries and exports a number of its brands globally. The company's core business is the production, distribution, marketing and selling of a diverse range of food, beverages and related products. The group employs approximately 8600 permanent employees.

<span class="mw-page-title-main">Frito-Lay</span> American company producing snack foods

Frito-Lay, Inc. is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips, Cheetos cheese-flavored snacks, Doritos and Tostitos tortilla chips, Lay's and Ruffles potato chips, Rold Gold pretzels, and Walkers potato crisps. Each brand generated annual worldwide sales over $1 billion in 2009.

<span class="mw-page-title-main">Tongala</span> Town in Victoria, Australia

Tongala is a town in the Goulburn Valley region of northern Victoria, Australia. The town is in the Shire of Campaspe local government area, between Kyabram and Echuca, 225 kilometres (140 mi) north of the state capital, Melbourne. At the 2016 census, Tongala had a population of 1,926.

<span class="mw-page-title-main">Select Harvests</span>

Select Harvests is Australia's largest almond grower and processor, and is the third largest grower worldwide. It manages almond orchards in Victoria, New South Wales and South Australia, and is also involved in the manufacture of a variety of food snacks and muesli. The company, based in Melbourne, employs around 270 permanently, which peaks up to 500 people seasonally (2015).

Sugar Cane Growers Cooperative of Florida is a vertically integrated agricultural enterprise that harvests, transports and processes sugarcane grown primarily in Palm Beach County, Florida and markets the raw sugar and blackstrap molasses through the Florida Sugar and Molasses Exchange. The Cooperative is made up of 45 grower-owners who produce sugarcane on approximately 70,000 acres of some of the most fertile farmland in America, located in the Everglades Agricultural Area (EAA). Sugarcane grown by Cooperative members is harvested, transported and processed. The raw sugar is then marketed to one of the ASR Group's sugar refineries. The Cooperative produces more than 350,000 tons of raw sugar annually.

<span class="mw-page-title-main">Monde Nissin</span> Philippine food and beverage company

Monde Nissin Corporation is a Philippine food and beverage company with a portfolio of brands across instant noodles, biscuits, baked goods, culinary aids and alternative meat products categories, including Lucky Me!, SkyFlakes, Fita, M.Y. San Grahams and Nissin. Monde Nissin also sells its alternative meat products globally under Quorn Foods and the Quorn brand.

<span class="mw-page-title-main">Bellamy's Organic</span> Australian baby food and formula producer

Bellamy's Organic is an Australian organic infant formula and baby food producer, and was a wholly owned subsidiary of Bellamy's Australia before being acquired by China Mengniu Dairy.

<span class="mw-page-title-main">Bellamy's Australia</span>

Bellamy's Australia is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer.

References

  1. 1 2 "About SunRice". SunRice Australia. Retrieved 16 January 2018.
  2. 1 2 3 2017 Annual Report (PDF). SunRice. 2017. Archived from the original (PDF) on 30 January 2018.
  3. 1 2 3 4 SunRice Group (22 June 2023). Annual Report 2023 (PDF). pp. 1–11.
  4. 1 2 Coates, Jessica (23 October 2017). "Local rice industry on the national stage". The Irrigator. Retrieved 16 January 2018.
  5. "Our 70th Anniversary". SunRice. Retrieved 20 January 2023.
  6. SunRice Group (26 July 2022). "Investor Presentation" (PDF). www.sunrice.com.au. Retrieved 16 January 2018.
  7. "Corporate > Our Businesses - SunRice". www.sunrice.com.au. Retrieved 14 July 2016.