In a joint venture with Chinese-owned company Fulida, Wellards is building two feedlots - 6000 head to start with but increasing to 15,000 - and an abattoir.
The facility, east of Beijing, is expected to be ready by the end of the year, and at least two other Chinese companies are also in the process of constructing similar coastal plantsaimed at capitalising on the opportunity to bring in Australian live cattle.
The feedlots will initially fit the size of Wellard vessels the Ocean Swagman and Ocean Outback but the expansion will see the Shearer kick in.
looks like more of a long term share. if there are other potential customers building facilities, good for WLD, as WLD are #1 integrated cattle shipper in Aus.
china cattle size is 40m+ head, with aus potentially looking at 1mil+ longer term,
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