Rural schools receive over $100,000
Rural primary schools have received more than $109,000 from ANZCO Foods as part of the company’s Sponsor a School Programme, with several recipients located in the South Island.
ANZCO Foods Ltd has reported a pre-tax profit of $1.8 million for the year ended December 31, 2017 — 90% lower than the previous year.
ANZCO reported $17m the year before.
“Revenue at $1.46 billion was consistent with the previous year. This result reflects a tough year in beef processing, which comprises about 60% of ANZCO Foods’ business,” said chief executive Peter Conley.
The privately owned Christchurch company’s assets include New Zealand’s only large-scale commercial feedlot, on the coast at Wakanui, near Ashburton.
The company says growth of the Wakanui brand supported its differentiated beef strategy in NZ, Asia and other markets, including the first shipments to China with the opening of that market for chilled NZ beef and lamb.
ANZCO Foods is now a 100% subsidiary of Itoham Yonekyu Holdings, a global top-10 meat company, following a shareholding change in 2017.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
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