SunRice
 |
|
| Public | |
| Traded as | RGWB |
| Industry | Food and Beverage Manufacturing |
| Founded | 1950 |
| Founder | NSW Rice farmers |
| Headquarters | Leeton, Australia |
|
Key people
|
Laurie Arthur, Chairman |
| Products | Bulk Rice, Rice Products |
 A$1.15 billion (2014) |
|
|
Number of employees
|
2,100 |
| Website | www.sunrice.com.au |
Laurie Arthur, Chairman
SunRice is the consumer brand and trading name of Ricegrowers Limited, which is one of Australia's largest exporters of processed branded food products. In the 2016 financial year, SunRice recorded revenue of A$1.3 billion and profit of A$52 million (representing more than a doubling of profit since 2011).
The SunRice Group comprises nine businesses and almost 30 brands, and employs over 2,000 staff in Australia, Papua New Guinea, the Solomon Islands, USA, the Middle East and Asia.
Australian rice production is based in southern regional New South Wales. The company’s main 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 CopRice stockfeed plants in Leeton, Tongala and Cobden.
In 2014, SunRice expanded to North Queensland with the purchase of the rice mill in Brandon, having recognised the region as an opportunity to grow specialty rice varieties to complement its existing supply of rice from the Riverina region in NSW. The potential for the emerging North Queensland rice industry to become an important value-added, branded food producer in the local region, was demonstrated in 2016 with the launch of the first North Queensland branded rice products - Tully Rain Fed Rice and North Queensland Koala Long Grain rice. These products are being sold in leading supermarkets across Australia. Since August 2015, TV Cook and personality Poh Ling Yeow has been a brand ambassador for SunRice.
SunRice is proposing to move its listing from the National Securities Exchange of Australia to the more liquid Australian Securities Exchange. The plan would mean existing B-class shares would be converted to B securities on a one-for-one basis and be held in the SunRice Fund, which would be listed on the ASX. The proposed restructure would open the company to new, non-grower investors but also keep the rice exporter under the control of rice growers.
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Wikipedia