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

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.

Our heifers don’t deserve the climate blame

OPINION: Among the many satisfying jobs on the farm is shifting our Angus heifers onto fresh pasture. They love it. Tails up, they gallop around for a minute, then it’s heads down — those long, raspy tongues pulling in mouthfuls of lush green feed.

True agenda

OPINION: A press release from the oxygen thieves running the hot air symposium on climate change, known as COP30, grabbed your old mate’s attention.

Featured

UK Ag Lender Oxbury Enters New Zealand with Livestock Finance Focus

Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.

Study Shows Balanced Phosphorus Use Across New Zealand Farms

New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.

Helensville Farmers Win Auckland Supreme Award at Ballance Farm Environment Awards

Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.

Lalichs Take Top Honours at 2026 Canterbury/North Otago Dairy Industry Awards

Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.

Massey Student Wins Prestigious Pāmu Agriculture Scholarship

William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.

Top CNH Dealers Named as NZ Firms Shine in Awards

The most outstanding CNH dealers from across Australia and New Zealand for the past year have been revealed, with two New Zealand dealerships amongst the major winners.