Subscribe to RSS feedIncitec Pivot to retain Geelong distribution
The closure of Incitec Pivot's Geelong single superphosphate (SSP) plant will not mean an end to the firm's operations in that city, a spokesman said yesterday.
He said that Incitec Pivot would still operate distribution centres in the region.
"If in the long-term there was a decision to supplement superphosphate supply (assuming the market comes back) with imports either from other plants in Australia or overseas, that would change the logistics in Geelong," the spokesman said
"We have exported from Geelong in the past but the superphosphate market overseas has died as well."
The fertiliser and explosives company said on Monday that the Geelong SSP and Cockle Creek plants would close due to a drought-induced collapse of the eastern Australian market made worse by plummeting prices in the dairy market.
SSP sales were down 60% and the company had lost $64.5m in asset write-downs and one-off costs as a result.
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