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

 


ANZCO Foods’ new Foodplus programme

FOR IMMEDIATE RELEASE
5 December 2012

ANZCO Foods’ new Foodplus programme – comments by Sir Graeme Harrison

ANZCO Foods Chairman, Sir Graeme Harrison, who has worked in the meat industry in various roles since 1973, is enthusiastic about the potential of the new Foodplus programme to enhance business opportunities for the sector.

ANZCO Foods and the Ministry for Primary Industries announced joint funding for the $87million Foodplus programme earlier this week. MPI Director-General Wayne McNee approved funding from the Primary Growth Partnership, which is administered by MPI.

Sir Graeme says it will give a vital boost to the meat industry.

“For too long the meat industry has been criticised as being a production-led commodity business characterised by high volatility and marginal profitability. This government-industry partnership provides a springboard to further transform our industry, to leverage off the inherent strengths of our farming practices and animal health status and to collaborate and capitalise on the benefits of quality New Zealand research and innovation.”

The name Foodplus reflects the programme’s goal of repositioning the market’s traditional and narrow perception of meat products through the development of novel, sustainable, value-added products in food, ingredients and healthcare, he says.

“As Foodplus begins to utilise the PGP’s comprehensive research opportunities, we will introduce more projects that will certainly challenge and re-invent the traditional uses of beef cattle in particular.”

ANZCO has existing manufacturing and meat ingredient food businesses at three New Zealand sites. “The Foodplus initiative will build on the existing expertise within ANZCO Foods but also add considerable new processes and opportunities never before realised in the New Zealand meat industry.”

ANZCO is confident the benefits of Foodplus will extend to its farmer-producer suppliers who can expect to see value extracted in due course from all parts of the animal.

END

More about the company running the PGP programme
ANZCO Foods is a multinational group of companies and one of New Zealand’s largest exporters, with sales of $1.3 billion and employing more than 3000 staff worldwide.

The Primary Growth Partnership
The Primary Growth Partnership is a government-industry initiative that is investing in significant programmes of research and innovation to boost the economic growth and sustainability of New Zealand’s primary, forestry and food sectors. To date it has committed around $600 million of multi-year funding.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news