Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Australian company to build $A2 million bakery in Greece



Download PDFDownload PDF

DEPARTMENT OF TRADE AND INDUSTRY

1Vy ^7 I,t

TELEPHONE 614W

CANBERRA, A.C.T.

EffiARGO: Not to be broadcast published or televised before 10.00 a.m. on Tuesday, 3 December,

1968.

FOR PRESS:

AUSTRALIAN COMPANY TO BUILD $A2 MILLION

BAKERY IN GREECE

(Statement by the Deputy Prime Minister and Minister for Trade

and Industry, Mr. J. McEwen).

An Australian bakery firm would build the first fully

automated bakery in Greece at a cost of $A2 million, the Deputy

Prime Minister and Minister for Trade and Industry, Mr. John

McEwen, announced today.

Mr. McEwen said the venture by Chris Bakeries P/L of

Melbourne was a major export success of Australian technological

advancement in 'know-how' and specialised machinery.

The Hellenic National Development Bank had granted the

Australian venture a 15-year loan of $A1 million. The remainder

of the capital was being supplied by ,Chris Bakeries Pty. Ltd.

Baker Perkins Pty. Ltd., of South Melbourne, would

supply all the technical assistance as well as the Australian

designed and built equipment and plant at a cost of $A500,000.

CABLES AND TELEGRAMS ADDRESS TO 'SECTRADE CANBERRA'

2

Mr. McEwen said the foundation stone of Chris Bread

Industries A.E. in Athens would be laid this month by the

Australian Ambassador in Greece, Mr. Gilchrist, at a ceremony

attended by members of the Greek Government and business leaders.

The prime mover of the project, Mr. C. Chris, Managing

Director of Chris Bakeries Pty. Ltd., who came to Australia from

Greece in 1956, . would also be Managing Director of the Greek

company. The venture is a very good illustration of a migrant's

skill in developing opportunities in his new country and his

homeland.

Mr. McEwen welcomed the assistance given in bringing the

project to fruition by Mr. A.E. Best, Director of Anthony

Bearings Pty. Ltd., of Melbourne, under the "Foster Parent Scheme".

The two-storey 48,000 square feet bakery in Athens,

expected to be commissioned in September 1969, would initially

produce 50,000 units of bread a day. Production would be increased

to between 100,000 to 120,000 units of bread daily when the plant

became fully operative. This would comprise 10 percent of the

daily bread consumption in the Athens area which was served at

present by more than 800 bakeries.

3

The new bakery would make all types of bread at

present available in Athens as well as introduce new Australian

lines.

It is expected that Australian suppliers will provide

the new bakery with gluten, bakerin, rye and wholesale flour,

and malt to the total annual value of $A200,000.

Tuesday, December 3rd 1968

88/68