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

 

Sanford Announces $20 Million Investment

New Zealand’s largest seafood company Sanford Limited (NZX: SAN) has announced its intention to create a $20m Marine Extracts Centre in Blenheim. The Centre will focus on the discovery and production of high value nutrition products from New Zealand seafood. Sanford is already producing a high quality Greenshell mussel powder from a small facility in Blenheim and the success of this product has convinced the company to go several steps further.

Sanford’s Chief Customer Officer Andre Gargiulo says the aim is simple.

“We want to make the best mussel powder in the world and more. The demand for marine extracts is huge and it’s only going to grow. Greenshell mussel powder is known for assisting with inflammation management including for athletes, for older people, or for anyone who has been troubled by these types of joint aches and pains. And mussel powder is just the start of what we can do. The plan is to move into mussel oil and look at extracts from marine species other than mussels. There is so much to unlock and we are incredibly excited about the potential.”

CEO Volker Kuntzsch says investing in innovation is part of the company’s wider strategy.

“For us it is about increasing the value we can get from the beautiful New Zealand seafood that we fish and farm. We are very fortunate to live in a place with an incredible abundance and variety of fish and shellfish on our doorstep. At Sanford we want to create the most out of every bit of this precious resource that we have available.”

Concept drawings and plans have already been prepared for the Centre and construction is expected to begin in April 2020. More than 40 people will be employed, in a wide range of roles from scientific research to production.

Running the Centre will be the person responsible for Sanford’s current extracts business, General Manager of Innovation, Andrew Stanley. He says Blenheim is the perfect place to be.

“It’s a great location. We already have all the natural ingredients just down the road growing in the Marlborough Sounds so it was an ideal location for us to choose. Blenheim is also an attractive place to live and that’s a very good thing given the number of highly talented people we will need to attract. The lifestyle here is amazing. I recently moved here from Auckland myself and I can vouch for the combination of open spaces, wine country and being near the sea.”

The science at the new Centre will be world leading.

Mr Stanley says “we will be using a state-of-the-art extraction process to make high value Greenshell mussel oil. The facilities we will build here will also give us the ability to make other fish oils and bioactive extracts.”

Mr Gargiulo says “this is really taking us to the next level as a company, we’ll be breaking new ground in the science we’re doing and in the commercialisation of that science. This is a fantastic new chapter and we’re stoked to be able to share it with the world.”

The Centre is expected to open in early 2021.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>