Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Cullen Opens Chelsea Sugar’s Largest Investment


21 February 2003

MEDIA RELEASE

Deputy PM Opens Chelsea Sugar’s Largest Investment Ever

Dr Michael Cullen opened a new decolourisation plant at New Zealand Sugar’s Chelsea Refinery today, representing the largest single investment ever made at the refinery.

Costing $7 million, the new plant replaces century old technology and will have immediate environmental and efficiency benefits. With its additional capacity the new plant will enable the Chelsea Refinery to take advantage of future domestic and export growth opportunities.

Chelsea Sugar currently refines and markets approximately 220,000 tonnes of sugar products per annum, from raw sugar imported from Queensland.

In the past five years the company’s export earnings have doubled and currently represent approximately 25% ($50 million) of the company’s revenue. The company’s main export markets include Japan, Asia and the Pacific, where approximately 35,000 tonnes of sugar and sugar blends are exported each year.

The new plant’s major environmental advantages include using half the natural gas and potable water which the original plant required and generating 60% less trade waste.

On opening the plant Dr Cullen said, “This new plant epitomizes three of the most positive developments amongst New Zealand businesses today. It shows that businesses are making long term investments in capacity that is increasingly export oriented. It shows that energy efficient technology makes good business sense. And it continues a long tradition – since 1884 – of association between a major company and a local community. Aligning the interests of business, the environment and the community is never easy or automatic; and New Zealand Sugar is to be commended for holding these various interests together and charting the way forward.”

John Burman, Group Chief Executive, New Zealand Sugar said, “The opening of this new plant represents an exciting step in Chelsea Sugar’s history, and is an expression of our confidence in our business future, both domestically and overseas.”

“As a key supplier to the New Zealand food & beverage industry our investment is a reflection of our continued commitment to business and our customers. As a competitive and high quality supplier we are committed to adopting world class environmental and efficiency processes which put us in a prime position to take advantage of future growth opportunities, and to support our customers’ growth.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news