Anitua Group diversifies

 By GYNNIE KERO

LOCAL company Anitua Group expects to reduce its operational costs through its recent investment in a logistics facility in Brisbane, Australia, company chief financial officer Anthony Neck said.

He said from Lihir that this investment was part of the group’s diversification plan to reduce costs.

“We are diversifying our investment to look at opportunities present in the market,” Neck said. 

The Brisbane-based Anitua logistics would provide central purchasing services to the Anitua Group, including NCS Holdings.

Anitua acquired a 4,991sqm warehouse in Brisbane last September.  

It is ideally located close to the Gateway Motorway and the Port of Brisbane.  

The building is equipped with a five-tonne gantry crane and three container-high roller doors.  

According to Anitua, its new business arm can also provide logistical services and solutions to other PNG businesses.

Neck said: “The benefits of having our own logistics and central purchasing business are enormous.  

“We are now able to buy at better prices and cut out the middle man.  

“We’ll make considerable savings at numerous points along the supply chain.  

“Furthermore, the facility itself is an excellent property investment for the Anitua Group.”

Neck expressed satisfaction with the company’s financial performance last year, saying it was ‘good profit’.

He stressed that the downturn in mining and the run off from the PNG LNG project had impacts on its performance.

The Anitua Group was founded by a small group of Lihirian landowners in 1989.