BRIEF-Graincorp Oils says Murarrie site to progressively cease operations from early 2016

Feb 11 (Reuters) - Graincorp Ltd GNC.AX :

* Graincorp Oils strategic initiative update

* Says announced an investment of $125 million

* Says the capital commitment will be funded with existing cash and debt facilities

* There is associated restructuring cost of $20 million which is expected to be reported as significant item in graincorp's earnings, principally in FY 2014

* Says about 130 roles at Murarrie plant would be affected from early 2016

* Says 44 new roles will be generated at the expanded plants in Numurkah and West Footscray

* The Murarrie site will progressively cease operations from early 2016

* Graincorp Oilseeds' Numurkah capabilities will be expanded to add vegetable oil processing capabilities

* Source text for Eikon News Search ID:nASX4gl27S

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