Alliance Group returns to profit after two years with $93m turnaround
After two years, Alliance Group has returned to profit.
Three candidates are running for two vacant seats on the board of meat co-operative Alliance.
Voting is underway and the result will be announced at Alliance shareholders annual meeting in Gore on December 18.
The three candidates are standing for election:
Former chair Murray Taggart retired from the board in April and current farmer-director Jason Miller is not standing for re-election.
"Voting is one of the most important ways for Alliance shareholders to shape the direction of our co-operative,” says Mark Wynne, chair of Alliance.
“Alliance Group has always been about farmers working together for our shared success, striving to be a high-performing company that delivers value to its shareholders.
“I encourage every farmer-shareholder to take the opportunity to vote for who they believe will best represent the interests and future of our business.”
The election is being conducted by internet and postal voting using the First Past the Post voting method. Voting packs, together with information about the candidates, have been sent to all Alliance shareholders.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.
Fears of a serious early drought in Hawke’s Bay have been allayed – for the moment at least.
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