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

 

Alliance Group beefing up facilities to meet demand

Alliance Group beefing up facilities to meet demand for blood products

By Rebecca Howard

Sept. 7 (BusinessDesk) - Alliance Group will invest $1.7 million in two plants in order to meet growing demand for New Zealand-sourced blood products.

In Pukeuri in Oamaru it will build a new facility created to help boost the recovery of blood-based products for sale to the pharmaceutical, biotechnology and medical device industries, the cooperative said in a statement. The meat processor will also improve the recovery of offal and upgrade the pet food area, it said.

Blood products are used in the development of vaccines, cancer treatments and drugs to treat neurodegenerative, haematological and endocrine disorders, according to Alliance. A spokesman said the cooperative supplies New Zealand companies that then sell to their own customers.

It will also invest in its Lorneville plant near Invercargill to extract more value from blood products. The cooperative has installed a laboratory-standard blood processing facility at the plant, it said.

Alliance, the world's largest processor and exporter of sheepmeat, had seen a "substantial lift" in demand from the pharmaceutical industry for New Zealand-sourced blood products, chief executive David Surveyor said.

“The range of beef offal captured at Pukeuri is currently limited due to the size of the space at the plant. Part of capturing more value is optimising the collection of blood products from processed animals. This upgrade will boost the capacity of our bovine offal and blood capture facilities significantly," he said.

New Zealand currently exports about $92 million of blood products to the European Union and $36.5 million to the US for pharmaceutical purposes each year, according to government figures, although the data doesn't differentiate between animal and human sources.

(BusinessDesk)

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>


Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>