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

 


Mercer Secures Canadian Order For Slicing Machinery

September 10, 2012

Immediate Release

Mercer Secures Canadian Order For Slicing Machinery

Mercer Group Limited, through its75% owned subsidiary Titan Slicers, has secured an order for more than $NZ 5m from Maple Leaf Foods in Canada.

Mercer CEO, Rodger Shepherd, said that on the back of this sale the company was looking to open a sales office in North America to capitalise on the opportunities that exist in this market.

Titan is a Nelson-based business that designs and manufactures world leading slicers, particularly for the bacon, ham, salmon and cheese sectors. It exports the majority of its products and has a strong forward order book.

“Because of this order and in anticipation of future growth, we are ramping up our production facilities at the Mercer manufacturing base in Christchurch,” he said.

The last six months has seen a sharp turnaround for the Mercer Group with the company recording its first six-month profit for many years, for the 6 months ending June 30, 2012.

“This deal supports the guidance provided to the market of EBITDA between $3m and $4m for the July 2012 to June 2013 financial year,” Rodger Shepherd said.


Background:Maple Leaf Foods is one of Canada’s largest firms and a leading consumer packaged food company, headquartered in Toronto with operations across Canada and in the United States, United Kingdom, Asia and Mexico. It employs approximately 24,000 staff.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news