Wednesday, 28 August 2019 10:55

Foreign investment is critical

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

Former PM John Key and Graeme Clegg at the $50m factory opening.

Foreign investment not only brings in money but links New Zealand into foreign markets, says former Prime Minister John Key.

Speaking at the opening of a $50 million expansion at New Image Group (NIG) Nutritionals goat milk plant in Paerata, South Auckland, Key said that as Prime Minister he was a big fan of foreign investment.

Key also told Rural News imposing another tax on farmers now for greenhouse gas emissions won't achieve much and should be out of the question until science provides more answers. Read more here.

“I don’t think we always understand how important it is,” he said speaking on foreign investment.

NIG Nutritionals is 10% owned by the Chinese company Newer Biotechnology (Hunan) Ltd and 90% owned by Graeme Clegg’s New Image Group.

The company makes goat milk powder products for export, direct selling via operational offices in 20 countries. Last year it was independently ranked as the 52nd biggest direct selling company in the world.

Key spoke at the opening as PM Jacinda Ardern was unavailable to attend.

More like this

Fossil Fuel Crusade

OPINION: The global crusade against fossil fuel is gaining momentum in some regions.

Cyclone Vaianu Threatens NZ Growers with Wind and Rain

Specialist horticulture and viticulture weather forecasters Metris says the incoming Cyclone Vaianu is likely to impact growers across the country.

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

Green no more?

OPINION: Your old mate has long dismissed the Greens as wooden bicycle enthusiasts with their heads in the clouds, but it looks like the ‘new Greens’ may actually be hard-nosed pragmatists when it comes to following voters.

China’s new beef tariffs expected to favour New Zealand exporters

Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.

Featured

Āta Regenerative Brings Global Soil and Water Experts to New Zealand Farms

Āta Regenerative is bringing international expertise to New Zealand to help farmers respond to growing soil and water challenges, as environmental monitoring identifies declining ecosystem function and reduced water-holding capacity across farms.

Yili’s New Zealand Dairy Group Posts Record $1.58 Billion Revenue

Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.

Hino Truck Owners Have 10 Days Left to Register for Proposed $10.9M Settlement

Owners and lessees of certain Hino Trucks New Zealand diesel vehicles have just 10 days remaining to register or opt out of a proposed $10.9 million class action settlement.

Silver Fern Farms Airfreights 90 Tonnes of Chilled Meat to UAE Amid Freight Disruptions

Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.

New Zealand Tractor Sales Climb 5% in First Quarter of 2026

For the first three months of 2026, new tractor deliveries saw an increase over the previous two months, resulting in year-to-date deliveries climbing to 649 units - around 5% ahead of the same period in 2025.

FAO Warns Strait of Hormuz Fertilizer Crisis Could Tighten Global Food Supplies Into 2027

QU Dongyu, director-general of the Food and Agriculture Organization of the United Nations (FAO), has issued a warning saying that global fertiliser scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies into 2027.