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

 

ASB Industry Partnership To Benefit Natural Products Sector

ASB Industry Partnership To Benefit Natural Products Sector, NZ Economy

A three-year partnership between ASB Bank and Natural Products NZ will benefit one of this country’s fastest-growing industries and the wider economy.

Natural Products NZ (NPNZ) Executive Director Alison Quesnel say ASB Bank’s national and international experience and contacts will prove invaluable to NPNZ’s members, many of whom have export markets.

Natural Products New Zealand (NPNZ) is a national industry organisation representing this country’s natural products, functional foods, complementary medicines, cosmeceutical and nutraceutical industries within New Zealand and internationally.

Founded in 2002 with the support of New Zealand Trade and Enterprise, NPNZ works to maximise the industry’s competitive advantage and increase New Zealand’s profile as a source of high quality natural products.

In addition to providing a significant level of core support, the ASB Bank partnership will benefit NPNZ and its members in a number of ways, including a range of preferential banking offers and discounts.

ASB Bank’s Head of Business Marketing Ian Howarth says the bank chose to support NPNZ and its members because it is a significant and rapidly growing sector that is a huge export earner for New Zealand.

“As the world economy strengthens, NPNZ members will be poised to take advantage of New Zealand’s positive image overseas, and the increasing desire from people around the world for products which are natural and have a positive impact on their health and well-being.

“We can provide members of the NPNZ with business banking services that will help them become more efficient, better funded and better able to manage their risks as they enter export markets.”

Ms Quesnel notes that more than 70% of New Zealand’s export earnings are derived from biology-based industries, ranging from primary industries to new-generation technologies, so the growing natural products industry is increasingly important to New Zealand’s economy.

This natural products industry is worth over $1b million annually, of which just over three quarters is exported.

“NPNZ’s partnership with ASB Bank is great news for our members and for the industry as a whole.

“It is further strengthened by ASB Bank’s reputation for excellent relationship management and its experience and expertise in delivering banking solutions to businesses throughout New Zealand,” she says.

-ENDS-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: