() is a major Australian
industrial company, producing aluminium
and building products. It is publicly traded on the Australian Securities Exchange
. In 2009, it has approximately 10,000 employees and during a period of a major cyclical downturn the company made an after-tax profit of A$
134 million on sales of A$3,500 million. The company has a diversified shareholding with predominantly Australian fund managers and retail owners.
Founded in Sydney in 1855 as the Colonial Sugar Refining company, the company first began refining imported raw sugar, expanding into the Melbourne market in the 1870s. Over the next two decades, mills were established in Queensland and Fiji, which began to process domestically-grown sugar. In 1923, the Queensland state government signed an agreement with CSR to refine all of that state's sugar production, a monopoly that was to continue until 1989. Mills outside Queensland were sold in the 1970s. About 80% of production is exported.
Until 2010, the refined sugar products for the retail market were produced in a joint venture with Mackay Sugar Co-Operative (75% controlled by CSR), who operate refineries in Mackay
), and Melbourne. The CSR brand is used on most of the retail sugar products produced. The production makes up around 60% of the sugar on the Australian domestic market, and 80% of that in New Zealand
. Using the molasses by-product from the sugar mills, the company also distills ethanol
for use in fuel ethanol... Read More