Yumbah Aquaculture – a geographically diverse company focused on growing premium abalone – has taken out the prestigious Agribusiness Award at the 2017 Australian Export Awards (AEA).
Now in its 55th year, the AEA is a national program recognising Australian businesses for their export achievements and overall contribution to Australian economic prosperity.
The 2017 awards officially recognised a host of Australian companies engaged in international business who have achieved sustainable growth through innovation and commitment. The Awards measure businesses against their peers based on the strength of their international growth, marketing and financial strategies.
Anthony Hall, Director of Yumbah Aquaculture, said the award win was a significant achievement for the organisation, following on from its Governor of Victoria Export Awards win in October.
“Everyone at Yumbah is thrilled to have won this national award and we welcome the official recognition of our team’s hard work across all our locations.
“The award win is the culmination of everyone’s efforts over the past year and is just rewards for the business as it continues to go from strength to strength,” Mr Hall said.
Yumbah – meaning large shellfish in the indigenous Yaygirr language – is a collection of four on-shore abalone farms at Port Lincoln, Kangaroo Island, Narrawong and Bicheno in Tasmania and is the largest abalone producer in the Southern Hemisphere.
It accounts for more than 80 full-time jobs across its four farms and support businesses, as well as millions of dollars in revenue for the Australian economy, with an expected turnover of $25 million AUD in 2017.
More than 80 per cent of the 700 tonnes of abalone grown at Yumbah’s four farms is exported to Southeast Asia, the US and Europe.
“Sustainably growing the world’s best abalone in our pristine coastal environment is a privilege. On behalf of the entire business, I would like to thank the Australian Trade and Investment Commission and the Australian Chamber of Commerce and Industry for choosing to recognise our efforts with this award as well as the State Government for its ongoing commitment to the Victorian aquaculture industry,” Mr Hall concluded.
Abalone is one of the oceans’ most highly prized delicacies particularly in northern Asia, where it has been enjoyed using traditional cooking methods for thousands of years.
Yumbah is a proud supporter of jobs in Victoria, South Australia and Tasmania, and the recent success it has experienced – both domestically and internationally – means the company is currently considering further expansion options.