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Seeka to Invest $18m in Northland Post Harvest Business

Te Puke, 25 July 2018: Seeka Limited [NZX:SEK] has announced plans to invest $18m in its Northland post harvest business over the next three years. Seeka is investing in new post harvest capacity, packing machines, packing shed and coolstores in Kerikeri. The investment will significantly lift the capacity of the business and give growers better harvest timing across all varieties handled – kiwifruit, avocados and citrus. The announcement was made to Seeka’s Northland growers meeting earlier this week with the Far North District Council Deputy Mayor, Tania McInnes, in attendance.

Development begins at Seeka Kerikeri in 2018 with the construction of a new packhouse and grading machinery. The construction of the buildings and equipment to be completed in time for the 2019 harvest. Alongside this investment, Seeka is transforming the information systems on site before the construction of additional coolstorage later next year. The coolstores will essentially see a doubling of the precooling and cooling capacity.

Michael Franks, Seeka Chief Executive, outlined that the investment sighted his commitment to the region and growers supplying their fruit to the company. “We are here for the long term. This investment will provide world class facilities in the heart of Northland. We want to support the communities we are part of and contribute to the local economy through investment and employment. The investment also delivers Seeka a competitive edge. We are ensuring our local people have the right infrastructure to deliver quality, price and service in our post harvest business. We are investing to support our existing growers along with the tremendous support of new growers choosing Seeka as their post harvest service provider.”

The move to develop new packing facilities and coolstorage positions Seeka to take advantage of the growth expectations in the area. Mr Franks outlined that the investment in Northland was consistent with their strategy for the region. The company continues to positively look for expansion options in the region.

ends


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