Long, complex process
The depopulation and repopulation of ANZCO Food’s Five Star Beef feedlot, as part of the M. bovis eradication programme, was a long and complex project, says ANZCO CEO Peter Conley.
Meat processor ANZCO Foods has reported an annual turnover for 2022 of $1.90b - compared with $1.64b for 2021 - and net profit before tax of $147.7m (2021 $75m) for the 2022 financial year.
"This result reflects a continued focus on core business activities, growing returns from strategic investments and the hard work and dedication of our people who have continued to deliver through challenging times," says chief executive Peter Conley.
"ANZCO Foods has a core focus on ensuring livestock is procured to meet customer expectations, and this has enabled the company to capitalise on the strong demand globally for premium beef and lamb," he adds.
Conley says the company's attention to supporting key customer relationships and delivering improved revenue streams from its value-add business investments are also big contributors to the strong performance. Other challenges continued during the year, including ongoing impacts from Covid-19, labour shortages, inflationary pressure, and continued supply chain disruption.
"Our healthcare business has been strengthened with the acquisition of Moregate Biotech which has complemented our existing work at Bovogen, and accelerated our capacity, expertise and customer set in the healthcare and bioscience sector," Conley adds.
He adds that the company actively supports people and communities across New Zealand, particularly in rural communities through donations, sponsorships and scholarships.
"We were pleaed to be able to assist people in regions affected by Cyclone Gabrielle, and while the effects of this storm will be long lasting, our people have been active on the ground providing food, and farm supplies to help farmers through this challenging event," Conley explains.
"2023 is already providing challenges with adverse weather events, global volatility, and an uncertain economic outlook. ANZCO Foods remains committed to doing all we can to continue to deliver strong returns, ensure the industry remains stable, and contributes to a strong and vibrant agribusiness sector."
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.
With an amendment to the Medicines Act proposing human medicines could be approved in 30 days if the product has approval from two recognised overseas jurisdictions, there’s a call for a similar approach where possible to be applied to some animal medicines.
The Government wants to make sure that rural communities get a level of service that people who live in cities often complacently expect.
As the New Zealand Government launches negotiations on a Free Trade Agreement with India, one Canterbury-based vegetable seed breeder is already benefiting from exporting to the world's fifth-largest economy.
Onenui Station on Mahia Peninsula in northern Hawke's Bay is a world first in more ways than one.
OPINION: You would've missed this one if you rely on mainstream media for your news, but your old mate reckons…
OPINION: With the Government applying some fiscal discipline to scientific research funding, this mutt thinks it might be timely to…