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


Westland Milk Products

Westland Milk Products

Westland Milk Products has delivered its suppliers a payout of $3.971 kg/ms, a result its Chairman Ian Robb says speaks volumes for the company’s performance.

Announcing the payout today, Mr Robb said that while lower commodity prices and unfavourable currency movements meant that returns were lower than in the previous season, the result was excellent, reflecting a strong manufacturing and marketing performance by the company.

“Despite negative factors which were beyond the company’s control, total revenues at $186 million were in line with last year’s record result”, Mr Robb said.

The payout includes a payment for certain farm expenses made by the company on farmers behalf amounting to $0.036 kg/ms.

Dairying in Westland continues to expand. Westland Milk Products processed 352 million litres of milk during the season, up from 337 million litres in 2001/2002.

Mr Robb said the company remained confident of its ability to continue delivering its shareholder farmers high returns.

He said the new milk powder drier commissioned at the start of the season had performed without problems and the company was continuing to invest in the technology necessary to increase its penetration of world markets for high value nutritional and ingredient products.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news