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

 


2012 peak milk production setting new records


MEDIA RELEASE – 30 NOVEMBER 2012

2012 peak milk production setting new records

In spite of a cold, wet spring on the West Coast, Westland Milk Products’ shareholder/suppliers on both sides of the Alps have re-written the record books with a peak milk production of 3.2 million litres, edging ahead of last season by 3% season to date.

Says Chief Executive Rod Quin: “This essentially means our shareholders are managing to maintain and even improve on production, which is a considerable testament to their productivity and efficiency.”

Peak milk is now declining in Canterbury but good volumes are still coming in from West Coast shareholders resulting in record amounts of product being produced on a weekly basis. For example, Westland made 10,617 metric tonnes of milk-based product to the end of, an 11.3% increase on last season. This was due in part to earlier milk collection enabling farmers to have more choice of their calving program.

“The challenge of this additional product is a welcome one especially in a rising market,” Quin says, “and that’s where our new capacity to manufacture nutritional products comes in.

“Our strategic decision to enter the higher value dairy nutritionals market was part of our commitment to improve our shareholders’ pay-out and put the company on a stronger financial footing.

“We commissioned our new infant formula plant in September and samples of these new products have been sent into the market and feedback has been very positive. We are on track for the new plant to come into full commercial production in February. This will not only mark a significant new chapter in Westland Milk Products’ history, it’s a significant step toward generating more value out of our milk and therefore returning more to our shareholders.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Post-Post: Brian Roche To Step Down As NZ Post CEO

Brian Roche will step down as chief executive of New Zealand Post in April 2017, having led the state-owned postal service's drive to adjust to shrinking mail volumes with a combination of cost cuts, asset sales, modernisation and expansion of new businesses. More>>

ALSO:

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news