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

 


Agchem innovation recognised by Callaghan

25 June 2014

Agchem innovation recognised by Callaghan

A major investment in technology by Zelam Limited, a New Plymouth-based agrichemical company, has been recognised by Callaghan Innovation.

Zelam is well-known on the land for its popular agrichemical brands – like TAG G2, Headstart, Pycus and Vixen. But few farmers and growers will be aware that the company behind these brands has one of the country’s largest research teams outside the universities and CRIs.

Each year, Zelam invests up to $3 million in chemistry, field trials and analyses. Now 20 per cent of its New Zealand research budget is being refunded by way of R&D grants from Callaghan Innovation, a government agency that helps fund businesses that invest in research and development.

The aim of the grants is to accelerate innovation by firms in New Zealand, so they turn ideas into marketable products and services more quickly and successfully.

“Of our 45 staff, 17 are full-time researchers,” says general manager Andrew Thompson.

“Our research focus is on tried and true agrichemicals that are off-patent. By developing novel formulations and delivery mechanisms for these products, we are helping farmers to beat weeds, pest and diseases that continue to prevent crops reaching full yield potential.

“We have developed formulations that are effective at lower application rates than established products. In addition, our oleo formulations make it easier for farmers by providing a one-drum product, versus having to mix separate products that are not normally stable in water.”

Of the company’s 10 top selling products, eight are based on Zelam IP. These include innovative mixes of chemical actives, the use of micro-encapsulation technology developed by Zelam and the adaptation through trial work in New Zealand of actives used in unrelated crops overseas.

Some of Zelam’s formulations have a big potential to earn foreign exchange from sales overseas. But most of the company’s products will reward taxpayer support indirectly – by making farmers and growers more efficient and helping boost the primary export economy.

Research manager Paul Lobb says the Callaghan funding is very welcome.

“Over the next five years we expect to get Callaghan grants of up to $3 million, which gives a good indication of the investment we are making in new technology. This will enable us to increase our investment in R&D by a similar amount.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news