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A fire at Select Harvest’s (ASX:SHV) Carina West site reported on Boxing Day

Agriculture, ASX News
ASX:SHV      MCAP $520.1M
29 December 2021 11:38 (AEDT)

Almond producer Select Harvests (SHV) has reported a fire at its almond processing and value-adding facility Carina West in Victoria on Boxing Day.

The fire was located in the co-waste handling area, this co-waste is a low value bi-product from the hulling and shelling process of almonds.

Fortunately, there have been no injuries to any of the workers from the fire.

The impacts of the fire are still being assessed, however, at this stage “there appears to be smoke and water damage impacting some site buildings, materials handling equipment and work in progress inventory”.

Notably, Select Harvest primary production and processing areas, as well as the related equipment at the site have not been directly affected.

The fire has now been contained and confined to the co-waste material and continues to be managed.

Select Harvests expects to be able to undertake its almond receiving and processing activities after the commencement of harvest in February 2022. Warehousing, distribution and value add processing are expected to commence early in the New Year as anticipated.

On the market, Select Harvest was down 0.51 per cent and is trading at $5.89 per share at 11:37 am AEDT.

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