1975
Netherby road factory site purchased off Harold Sizer
By April (AIL) had to exercise default option on loans due to non progress by Seaweed Industries Ltd.
AIL pays out all Seaweed Industries Ltd's creditors
An agreement is made between Webster Ltd. and AIL to form a 50/50 joint venture on King Island for the harvesting and processing of Bull Kelp. This venture was given the name Kelp Industries.
Kelp Industries was established on the 16th April 1975. Initial directors were Bruce Piggott, Anthony Ashbolt, Noel Hopkins, Peter Nelson, Michael Perry and John Sanderson.
David Allison was appointed as Manager.
Decided that King Island could maybe supply 1500 tonnes per annum. Accordingly a factory was designed by Ern Bryan of Webster Ltd. Ern Bryan together with ex Seaweed Industries Ltd. employees Frank Cullen and Mick Brodribb, were then 'let loose', to construct same.
Brian Bell commenced employment.
No production sold for the remainder of the year.