Australian food company SunRice has been listed on the Australian Securities Exchange (ASX), which will enable it to have better access to funding.
The move is part of the company’s 2022 Growth Strategy, a five-year roadmap that aims to capitalise on global food trends and increase paddy prices for rice growers.
SunRice Chairman Laurie Arthur said the evolution of SunRice continues with its listing on the ASX and the company looks forward to securing a stronger future for its stakeholders and the Australian rice industry.
“From our foundations as a rice processor and marketer, today SunRice is a $1 billion Australian icon and one of the largest branded rice companies in the world,” Arthur said.
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“We have a diverse portfolio of businesses and strong track record in innovation and commercialising value-added rice products in high-growth global markets.”
SunRice CEO Rob Gordon said the company’s growth strategy now in its third year and has been designed to accelerate the SunRice Group’s growth into a strong global business.
“Our Growth Strategy is focused on reducing business risk and building resilience, which is especially important for agricultural companies like SunRice that are exposed to cyclical conditions, such as those currently being experienced in the Riverina by our growers and employees,” Gordon said.