Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

Investing

WOA Relocates Headquarters & Enhances German Facility Utilisation

by September 12, 2024
September 12, 2024
WOA Relocates Headquarters & Enhances German Facility Utilisation

Wide Open Agriculture Limited (ASX: WOA, ‘Wide Open Agriculture’ or the ‘Company’) is pleased to announce a series of initiatives aimed at streamlining operations and reducing costs.

Highlights

Wide Open Agriculture has relocated its head office and R&D facility to a new location in Leederville, Western Australia, enhancing access to commercial services and significantly reducing costsThe Company has successfully completed two toll treatment trials at its German facility, producing high-quality plant-based protein productsWOA is actively exploring potential fee-based toll treatment partnerships to strengthen collaboration within the plant-based protein sector, and increase utilisation of its German facilityThe Company remains focused on streamlining operations to support long-term growth and financial sustainability

Relocation and Cost-Saving Initiatives

The Company has relocated its head office and R&D facility from Kewdale to a more strategically positioned location at 2/284 Oxford Street, Leederville, Western Australia. The new Leederville office offers a more cost-effective solution while providing convenient access to key commercial services. The Company has also conducted a review of corporate costs as part of its cost reduction efforts.

WOA is currently reviewing options to relocate the pilot plant to a new facility.

German Facility Update and Operational Review

WOA has conducted a comprehensive review of its German production facility operations and costs, with the goal of improving operational efficiency and to address facility underutilisation to date, caused by a long procurement cycle in the food industry. In line with this review, the Company successfully completed two toll treatment trials for local plant-based protein companies which resulted in the production of high-quality protein products, showcasing the facility’s capabilities to potential customers.

The Company is actively pursuing additional fee-based toll treatment services and fostering commercial relationships with other plant-based protein companies, while it maintains a strict focus on facility costs.

Yaxi Zhan, Non-Executive Chair said; ‘While the Company continues to demonstrate its capabilities in the plant-based protein sector and build its customer pipeline for the Grimmen facility, we will continue to optimise our operations and reduce costs where possible. Our ongoing focus will be on efficiency as we seek to deliver long-term value for our shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
House Republicans lament Trump’s ‘terrible’ debate performance: ‘Let her get under his skin’
next post
On board a lifesaving hospital train bringing Ukraine’s wounded soldiers to safety

You may also like

Copper Reserves: Top 5 Countries (Updated 2024)

Critical Elements Lithium increases its confidence in Rose...

High Grade Copper Assays Continue at El Pilar...

How to Invest in Copper (Updated 2024)

Red Metal Resources Closes First Tranche of Financing

Historical Gold Mineralisation identified at Flicka Lake

$4.33M Funding Secured Through WCNOE Option Underwriting Agreement

Mount Hope Mining

Where Does Tesla Get its Lithium? (Updated 2023)

Victoria Gold Shares Drop After Landslide at Eagle...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Massachusetts suspect charged with attempting to assassinate a Cabinet nominee

    • Pakistan says it has struck military targets inside India in series of new attacks

    • Rodrigo Duterte is being held at The Hague. Next week he might be elected mayor of his hometown

    • Buffett Hands Over Reins, What’s Next for Berkshire’s Capital Strategy?

    • Triumph Gold Updates Shareholders on Operations, Engages Market Maker, and Grants Options

    Categories

    • Business (1,632)
    • Investing (4,787)
    • Politics (7,557)
    • Uncategorized (2)
    • World (6,139)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 toppricemarket.com | All Rights Reserved


    Back To Top