Wednesday, 28 August 2019 10:55

Foreign investment is critical

Written by  Sudesh Kissun
Former PM John Key and Graeme Clegg at the $50m factory opening. 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

China keeps dairy prices high

Whole milk powder (WMP) prices are now sitting above pre-Covid-19 levels and New Zealand farmers can thank a resurging Chinese economy for that.

China back on track?

Life in China is starting to get back to some semblance of normality, according to MPI’s deputy director general of China Relations.

A ticking time bomb

Our dairy industry risks being exposed to a ‘ticking time bomb’ of unethical players unlawfully passing off New Zealand-made and packed milk powder products in China as supplements for babies.

MPI says it will act

MPI says it takes the claims made by Jane Li seriously and where it has evidence that exporters are not meeting their requirements, it will take action.

Carbon zero milk

Fonterra has joined forces with a supermarket chain to deliver what it claims is NZ’s first carbon zero milk.

Featured

Lindsay Farm raw milk recall

Raw milk from Central Hawke’s Bay producers Lindsay Farm is being recalled after Campylobacterbacteria was found in some product.

 

Carcase collection impasse

Collection of dead calves from farms around the country has stopped with farmers and the recycling company blaming each other for the impasse.

Taking NAIT seriously

North Otago calf rearer Jared Ovens believes the Mycoplasma bovis outbreak has led to more farmers embracing animal traceability.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Too soft

This old mutt wonders why multi-national, tax-dodging, fundraising organisation Greenpeace always gets a free pass from the police.

No tax

Your old mate understands that there is quite a bit of nervousness around sheep farming circles that another levy will…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter