News Articles for Alterra

Alterra has executed a three-year local partner services agreement with West Australian-based avocado grower, French's Group. French's Group will provide local representation, assistance with origination and assessment of investment opportunities, localised production experience and technical support to Alterra in the Peel, South West and Great Southern regions of WA.

Our weekly appointment wrap includes Eric Lumsden, John Langoulant, Michael Court, Nicole Lockwood, Terry Agnew, Kerryl Bradshaw, Andrea Sutton, Wayne Zekulich, Keith Hirschman, Tony Sheard, Alex Ogg, Nicholas Chapple, Paul Pryde, Shane Ogilvie, Saschelle Blake, Brett Heather, Richard Peterson, and Howie McKibbon.

Alterra has appointed Brett Heather as its chief operating and technical officer as it prepares to address opportunities in Australia's high-value avocado sector. Mr Heather helped transform the avocado category with one of Australia's leading retailers by driving cost efficiencies from field to fork, improving post-harvest handling and implementing technology to ensure that consumers received the best possible product.

Alterra has strengthened its board as it continues to build agricultural business opportunities with the appointment of experienced corporate accountant John Palermo as a non-executive director. His background in corporate transaction execution, strategic business management and business structuring is expected to assist Alterra with its strategy of building capacity and pursuing its growth plans.

Alterra has signed an exclusive technical partner agreement with horticultural expert Tyson Bennett and his Perth-based company Chemicals Direct, placing it in the lead for high-density, high-performance production systems for permanent tree crops. Mr Bennett specialises in the outperformance of high-value tree crops through the management of tree canopies.

Alterra has appointed Future Fund Board of Guardians and Crown Resorts director John Poynton as the founding Chair of its advisory board, which will provide access to networks, strategic feedback, views on opportunities and risks, and introductions to potential deals and sources of capital. The company is developing a pipeline of potential project opportunities with existing land and water owners in WA.

Alterra is laying the groundwork for the expansion of its agribusiness with the appointment of veteran agricultural executive Oliver Barnes as the incoming Managing Director to strengthen its executive team. Current Managing Director Andrew McBain will remain in his position until Mr Barnes takes up his new position in early April following a notification period, after which he will remain as an Executive Director.

WA agribusiness player Alterra is another step closer to demerging its carbon forestry business after receiving proxy votes that favoured the demerger. The company is seeking shareholder approval at Thursday's extraordinary meeting for the demerger, which will place its carbon arm and a solid stream of income into the hands of individual Alterra shareholders.

Shareholders in WA agribusiness player Alterra are just one step away from receiving an unexpected direct income stream from the company's carbon forestry business. The transfer of all forestry and carbon assets into Carbon Conscious Investments has been completed and the company is now seeking majority shareholder approval at the upcoming extraordinary general meeting to be held in Perth on 20 December 2018.

ASX listed Alterra is taking a page out of Wesfarmers' playbook with a proposal to demerge its carbon forestry business and focus on the development of its agribusiness projects. The move is expected to realise the full value of the carbon business and generate a potential windfall to shareholders who will now own 85% of the carbon business in their own right whilst retaining their Alterra shares.

Shares in Perth-based carbon plantation manager Alterra spiked 30 per cent last week after the company revealed its agro-forestry projects in Western Australia are set to deliver $23 million in revenues over the next decade and that it remains in a strong financial position, with $2.5 million cash in the bank and $2.6m in real property that is also generating valuable rent for the business.

Alterra has welcomed the sale of one of WA's oldest dairy operators to China's Shanghai Ground Food Tech. Alterra, who are pursuing a new style of dairy farming known as System 5 in WA, says the sale of the iconic Brownes Dairy will likely be a positive development for the state's dairy sector. The sale of Brownes to the Chinese may open up export opportunities and fix local oversupply problems say Alterra.

ASX-listed Alterra has continued its ambitious push into the Western Australian dairy industry with the purchase of a 1,640 hectare property in Dandaragan Shire. The dairy industry upstart and carbon plantation manager is confident the property will suit an innovative dairy farming system known as "System 5".

ASX listed Alterra are on the hunt for dairy land in WA suitable for a new style of dairy farming known as System 5. System 5 works on the theory that if cows are made comfortable and not exposed to extreme heat and cold and not made to walk many kilometres a day to be milked or get feed, then they will produce up to 50% more milk.

Dairy industry upstart and carbon plantation manger Alterra have wasted no time in clearing the decks of all debt after the sale of their NZ forestry assets for approximately $3.2m. With $2.4m in cash and equivalents and $2.8m in annual forrestly income, the company is now well placed to pursue its intriguing new "System 5" dairy farming method.

ASX listed Alterra, formally known as Carbon Conscious, is now debt free and have an additional $2m in cash to pursue new opportunities after settling the sale of their New Zealand forestry plantations for AUD$3.2m. The company is now looking to expand its agri-business by bringing a new concept of dairy farming known as “System 5” to W.A.

Shares in Perth-based Carbon Conscious have surged on news it commenced milk production at a Chinese-owned dairy farm in the South West, with the company planning to expand its cow herd by nearly 500 per cent by 2017.

Carbon Conscious plans to expand its business into the dairy sector, announcing plans to purchase a South West dairy property and link up with a Chinese trading group.

Perth-based environmental group Carbon Conscious says it is expanding across the Tasman, after it entered into a $NZ11 million carbon forest sink deal with a New Zealand-based energy company.

Subiaco-based Carbon Conscious has won the City of Perth's 2010-11 carbon off-set tree planting tender.

Subiaco-based Carbon Conscious has signed Australia's first international deal to supply 10,000 carbon offset units to Perenia.

Subiaco-based Carbon Conscious has signed a contract with Wesfarmers Insurance to offset the company's 2010 corporate emissions.

The founder and initial developer of Carbon Conscious, Andrew McBain has resigned as a non-executive director of the company.

The Matt Birney-chaired Carbon Conscious says it has reached a substantial deal with an unnamed ASX top 50 company to plant "many millions" of Mallee Eucalypt trees in the Wheatbelt region.

Subiaco-based Carbon Conscious has been awarded approved abatement provider status under the federal government's carbon pollution reduction scheme.

Perth-based carbon offset provider Carbon Conscious Ltd has closed its IPO after raising more than $7 million and is expecting to list on the Australian Securities Exchange late next week.