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ANZCO Foods chief executive Peter Conley.
Meat processor and exporter ANZCO Foods has joined other NZ agri-sector businesses and reported a record net profit of $75m for the 2021 year.
The company says it successfully navigated the challenges of the year - including ongoing impacts of labour shortages and supply chain disruptions - to post more than twice the profit of 2020 ($35.7m) on turnover of $1.64b.
"The successful 2021 result builds on the previous two years' results with a focus on core business activities and increased investment in business systems and data analysis to ensure good decision making," says chief executive Peter Conley.
"It is important to recognise the efforts of our people who have worked incredibly hard in challenging times to deliver a strong performance across the ANZCO Foods business."
Conley says the result also reflects the company's continued focus on consumer needs and customer relationships in key markets and being able to navigate supply chain pressures occurring as a result of Covid-19.
"In addition, ANZCO Foods' focus on revenue, yields, and value-add performance, has enabled the payment of consistently high farm-gate returns during the last three years," he adds.
Conley says the company has a clear strategy to derive more value from the livestock it processes.
"This priority continues to differentiate ANZCO Foods, with our manufacturing and healthcare operations contributing strongly to the increased revenue and net profit reported for 2021."
He says the recent acquisition of the global biotechnological business Moregate Biotech, complements ANZCO's existing business Bovogen Biologicals and builds the company's capacity in the healthcare industry.
"This capability will continue to deliver value-add opportunities for ANZCO Foods."
Conley adds that with the 2022 year well underway, demand remains strong for its products, but challenges remain.
"ANZCO Foods remains committed to doing all we can to help New Zealand's recovery from Covid-19 by continuing to deliver strong returns and ensure the red meat sector remains in good heart."
2021 At A Glance
Canterbury farmer Andy Macfarlane has been appointed to the board of AgriZeroNZ, the public-private partnership designed to accelerate the development and deployment of emissions reduction tools for New Zealand farmers.
The New Zealand Food Network's (NZFN) fifth birthday celebrations have been boosted by a whopping five tonne meat donation from meat processor ANZCO.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
Meat company ANZCO Foods scooped seven medals across three of its premium beef brands at the 2024 World Steak Challenge in Amsterdam.
Alliance Group has launched a new $16 million warehouse technology system at its Lorneville plant near Invercargill.
Bigger, bolder salads packed with colour, crunch and flavour are making headlines overseas — and the arrival of fresh spring vegetables means New Zealanders can now get chopping too, creating their own Great Kiwi Spring Salad.
Chinese beef trade quotas and a looming suspension of Brazilian beef imports into the European Union are expected to reshape global beef trade flows over the remainder of 2026, with implications for New Zealand exporters, according to Rabobank's Q3 Global Beef Quarterly report.
James Blair, an agronomist for AS Wilcox and the Pukekohe regional champion, has won the 2026 Young Grower national title.
An Auckland gelato shop and an established New Zealand ice cream maker have both been named Supreme Champions at the NZ Ice Cream & Gelato Awards 2026.
As the cost-of-living crisis continues to put pressure on household grocery budgets, new figures show pork remains one of the most affordable fresh meat options for New Zealand families.
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