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


Silver Fern Farms Confirms Fairton Closure

Silver Fern Farms Confirms Fairton Closure

Wednesday 31 May: Silver Fern Farms has confirmed it will close its Fairton sheepmeat processing plant following a continued decline in regional sheep numbers.

Silver Fern Farms Chief Executive Dean Hamilton says support is being offered to the 370 people at Fairton affected by the closure.

“We understand this decision will have a significant impact on our people at Fairton. Today has obviously been a difficult day. However, we cannot ignore the large decline which has happened to sheep numbers in this region as a result of progressive land use changes over the last 10 years. We will be paying redundancy to all affected staff. In addition, we have 230 roles available for them at our other sites, should they wish to take them up. The closure is not the fault of our staff at Fairton - we value their skills and would welcome the chance to retain them within Silver Fern Farms. We are opening a Resource Centre in Ashburton tomorrow to assist staff with the changes and to transition to new employment.”

Silver Fern Farms will continue to operate its pelthouse operation from the site, which services its other three sheepmeat plants in the South Island.

“We have not made any decisions with respect to the future of the broader site. We have absolutely no intention of bottling water as has been speculated on without basis by some parties.”

“We need to ensure we have the right plants at the right places - and then focus our investment at these long-term plants to enable them to be best in class. The closure of Fairton will allow us to consolidate our sheep processing for the region at our nearby Pareora plant which is approximately one hour away. We have spent $7m at Pareora in the last 12 months to improve its cold storage capability and add a state of the art venison line there and will now invest a further $1m to support the consolidation of Fairton’s sheep volume. We want to grow our sheep and venison volumes in the region and we believe having one large efficient plant will allow us to do that.”

“The investment of over $260m by Shanghai Maling in December last year to form a 50:50 partnership with Silver Fern Farms Co-operative, has given us the capacity to invest $22m in capital expenditure this year – which is a near threefold increase on the $8m spent in the year before Shanghai Maling committed to invest. This capital expenditure will include health and safety improvements, robotics, systems, processing room upgrades and more efficient cold chain infrastructure. We expect to continue to spend over $20m a year in the foreseeable future. “


© Scoop Media

Business Headlines | Sci-Tech Headlines


Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>


Price Of Cheese: Fonterra CEO Goes Early After Milk Price Trimmed

Aug. 15 (BusinessDesk) - Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. More>>


9.2 Percent: Gender Pay Gap Second-Smallest On Record

This is the second-smallest gap since the series began 20 years ago. In comparison, the gender pay gap was 9.1 percent in 2012 (the lowest on record) and 9.4 percent last year. More>>


Forest & Bird: Report Find Council Failures On Effluent

The report exposes significant inconsistencies and gaps in how regional councils are enforcing the rules around dairy effluent management. More>>


Mana In Mahi: Helping Young New Zealanders Into Work

Thousands of young people will be given the chance to gain valuable qualifications and meaningful work under the Mana in Mahi – Strength in Work scheme launched by Prime Minister Jacinda Ardern today. More>>


Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020, longer than we projected in our May Statement. The direction of our next OCR move could be up or down. ... More>>