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

 

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