fbpx
Print this page
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

Birth woes

Birth woes

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

Green no more?

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.

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.

Popular Reads

Formula goes sour

OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses…

Featured

EPA Approves Beetle to Tackle Chilean Flame Creeper

Environment Southland is welcoming this week’s decision by the Environmental Protection Authority (EPA) to approve the release of Blaptea elguetai, a leaf‑feeding beetle that will help control the highly invasive Chilean flame creeper.

Celebrating Women in NZ’s Potato Industry

This March, the potato industry is proudly celebrating International Women’s Day on 8 March alongside the International Year of the Woman Farmer, recognising the vital role women play across every part of the sector — from paddocks and packhouses to research, leadership, and innovation.

National

Remediation NZ Fined $71k Over Compost Site Odours

Remediation NZ Fined $71k Over Compost Site Odours

Remediation NZ (RNZ) has been fined more than $71,000 for discharging offensive odours described by neighbours as smelling like ‘faecal and pig effluent’ from its compositing site near Uruti in North Taranaki. 

Machinery & Products