Media Release - Additional Proceeds from Coles
Thursday 5 December 2019
ADDITIONAL PROCEEDS FROM COLES
Coles has advised Norco that Coles will be paying Norco $2.8m as a lump sum and a further 7 cents per litre on 2 litre and 3 litre Coles Branded Milk that Norco bottles for Coles until at least 30 June 2020.
Norco’s Chief Executive Officer, Michael Hampson, commenting about the payments said “Norco welcomes the additional proceeds, which will make their way to our farmers who continue to battle this severe drought”.
“Norco has ensured all levy payments that it has received from Coles so far have been paid to farmers, and we will be making sure these additional proceeds get to our farmers as well as soon as possible” Mr Hampson.
Norco will be communicating with its farmers so they can understand how the additional proceeds will improve their milk payments
For further information contact:
Chief Executive Officer
(ph) 02 6627 8012
(mob) 0400 223 742