30 Sep 2020
Omega-3 canola named Innovation of the Year finalist by the Global Aquaculture Alliance
Nuseed’s Aquaterra® Omega-3 oil has been named as a finalist for the Global Aquaculture Alliance Innovation of the Year award in recognition of its potential to double the world’s supply of omega-3, an important nutrient for fish and human health. Nuseed developed Aquaterra® as a partial replacement for marine ingredients. While plant-based protein alternatives to ...
23 Sep 2020
Nufarm Full Year Results 2020
Nufarm today have reported a statutory net loss after tax for the financial year 2020 of $456 million and underlying earnings before interest, tax, depreciation and amortisation from continuing operations of $236 million. Nufarm Managing Director and CEO, Greg Hunt, said, “2020 has been an extraordinary year. The agricultural markets in which we operate across ...
14 Sep 2020
Resignation of Chief Financial Officer
Nufarm Chief Financial Officer, Paul Binfield, has today advised the company of his resignation to pursue the next step in his career. Mr Binfield will leave Nufarm on 31 December 2020. Nufarm Managing Director and Chief Executive Officer, Greg Hunt, thanked Mr Binfield for his valuable contribution. “Paul is a highly respected senior executive and ...
08 Sep 2020
Change to regional structure and leadership appointment
From 1 October 2020 Nufarm will combine the ANZ and Asia operating regions to deliver further efficiencies to our supply chain and manufacturing capabilities and strengthen the way we use and market our portfolio across the region. The newly created APAC region will incorporate Nufarm’s crop protection operations in Australia, New Zealand, South East Asia ...
02 Sep 2020
Non-cash asset impairment and preliminary, unaudited FY20 earnings estimate
Nufarm advises that following a review of the carrying value of its assets in accordance with relevant accounting standards, and subject to finalisation of the audit, the company expects to recognise non-cash, impairment charges in relation to its European assets of approximately $215 million in financial statements for the year ended 31 July 2020. This ...
30 Jul 2020
John Gillam to become Nufarm Chairman effective 24 September 2020
The Nufarm Board of Directors today announced the appointment of John Gillam to succeed Donald McGauchie AO as Chairman. Mr Gillam will join the Board on 31 July 2020 and assume the role of Chairman on 24 September 2020 following Mr McGauchie’s retirement as Chairman and Non-executive Director, which was previously advised at the company’s ...
30 Jul 2020
Nufarm welcomes Canadian regulatory approvals for Omega-3 Canola
Nufarm welcomes today’s confirmation from Canadian regulatory authorities that approvals have been received for the company’s proprietary Nuseed Omega-3 Canola relating to cultivation, use in aquafeed and livestock feed, and for human consumption. Click here to read more…
23 Jul 2020
Change of financial year end to 30 September
Nufarm advises that it has decided to change its financial year end from 31 July to 30 September to better align the half year reporting period with Nufarm’s key sales periods and enable improved comparison with industry peers. Click here to read more…
22 Jul 2020
Nuseed secures commercial offtake agreement with leading biodiesel producer for carinata
Nuseed Limited, a wholly-owned subsidiary of Nufarm Limited, has executed a commercial off-take agreement with Saipol, the largest biodiesel producer in Europe, to supply Nuseed Carinata as a feedstock for certified low carbon oil for renewable fuels and high protein non-GMO meal for livestock feed. The multi-year agreement follows the first commercial Nuseed Carinata shipment ...
30 Jun 2020
Nufarm announces changes to global manufacturing footprint
Nufarm today announced its decision to cease manufacture of insecticides and fungicides at its Raymond Road site in Laverton, Australia and curtail herbicide manufacturing at its operations in Linz, Austria. Nufarm Managing Director and CEO Greg Hunt explained the changes form part of the company-wide program launched in March 2020 to improve financial returns. Click ...