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

 


Westfleet goes to tender for multi-million dollar factory

Media Release

Embargo 12 noon, 21 December 2012

Westfleet goes to tender for new multi-million dollar factory

Greymouth seafood company Westfleet is celebrating Christmas with the announcement of a proposed multi- million dollar investment in a new fish processing factory.

A 3,000 square metre facility will ensure the fish caught off the West Coast can be processed locally and delivers on Westfleet co-owner and Managing Director, Craig Boote’s commitment to help boost the local economy.

Craig says approval by the company’s Board of Directors to go to tender and seek construction partners for the project represents a vital step forward.

“This is all about West Coast fish being processed by Coasters. We are delivering on a promise to invest in the business in a way that helps stimulate the local economy,” he said.

The proposed development follows the recent investment of $14.5 million to purchase an additional vessel and acquire quota. Westleet’s significant growth over the last six years includes an increase in quota from 800 tonnes to 3600 tonnes, additional vessels, the construction of a new 120 meter wharf and a new retail fresh fish shop for Greymouth.

Westfleet is a joint venture between Boote and Sealord. It supplies Ling, Hapuka and Bluenose to the Australian market and Monkfish, Gurnard and Terakihi to wholesalers, retailers and food service businesses in New Zealand.

The company also has Hoki quota and the current factory, built in the 1950’s and converted for fish processing in the 1970’s is unable to manage all of the fish caught. Currently, this means fish is processed outside of Greymouth.

“The sustainability of the Hoki and all other stocks in Area 7, gives me great confidence and the investment in the new factory means we can keep the processing right here,” says Craig.

The new factory will be located on a 5,000 square metre piece of land north of and adjacent to the existing Westfleet factory . It will process both fresh and frozen seafood products.

Full working drawings will be completed early next year and the construction project will go to tender in March.

“We are hoping to find a local West Coast or Canterbury main contractor and the plan is to begin building in April or May and have our new facility up and running 12 to 14 months later,” says Craig.

On the subject of local jobs, he hopes the construction phase will provide a boost to the local job market.

“Transferring our existing skilled and loyal employees to the new factory will be our first priority, but I believe additional job opportunities are likely,” he says.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news