CSS: Acquisition of New Automated Feed Barge

CLEAN SEAS SEAFOOD LIMITED

• Clean Seas Seafood Limited announces the purchase of a new automated feed barge to reduce production costs and improve operational efficiency.
• The feed barge is expected to be delivered in early 2024 and fully operational by the end of June 2024, costing A$5.7 million in total.
• The new feed barge will have a capacity to store 650 tonnes of feed and is expected to drive a payback period of less than 4 years, with an estimated working life of around 20 years.

2023-04-12 08:41:00