Recently the Federal Government rejected a request for a one off $25 million cash injection into Coca Cola Amatil’s (CCA) SPC Ardmona.
Their justifications for refusing to provide this money seemed plausible enough – Prime Minister Abbott wants to send a very clear message to big business: It is not the government’s responsibility to inject cash into operations owned by wealthy multinationals. Management at Holden witnessed this first hand when their request for investment was similarly rejected in December last year.
Mr Abbott also has faith in SPC Ardmona. He believes that this is a business that can withstand tough economic conditions and still be successful. That the quality of Australian produce is such that consumers will continue to support it into the future.