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

 


Solid Energy Selects Preferred Bidder For Agri-Business

4 October 2012

Solid Energy Selects Preferred Bidder For Agri-Business

Solid Energy has selected a consortium led by Southern Packers as preferred bidder for the agribusiness division of Biodiesel New Zealand.

Solid Energy said in August that as part of its response to the impact on its business of the extremely challenging global coal market, the company would sell its biodiesel business which operates in two parts – one manufacturing and marketing biofuel and an agri-business division which contracts with farmers to grow oilseed rape, processes the seed at its Rolleston oilseed extraction plant and sells the oil into the food industry and meal as animal feed.

If the sale negotiations are successful, Solid Energy expects that the consortium will take over the business in November. The consortium also includes Midlands Seed, Biodiesel New Zealand’s current agri-business manager and an agronomist currently contracted to the business.

The consortium’s bid is a going concern offer and their intention is take the oilseed rape industry forward in New Zealand.

Solid Energy is currently considering bids for Biodiesel New Zealand’s fuel division.

Note: Southern Packers Limited grades, packs and exports onions to the United Kingdom, Europe, and Asia and also supplies the local market, here in New Zealand. The company is based in Washdyke, Timaru in South Canterbury. The company also pack potatoes for export. Southern Packers Ltd. was formed in 1999 when a group of local growers and exporters purchased the existing packhouse, built in 1998, from Alpine Fresh.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news