NZ agribusinesses urged to embrace China’s e-commerce and innovation boom
Keep up with innovation and e-commerce in China or risk losing market share. That was the message delivered at the China Business Summit in Auckland this month.
Prime Minister Jacinda Ardern recently turned the first sod at Silver Fern Farms' Beflast (Christchurch) meat works for a project slated as a major step in the company's ambition to become coal-free by 2030.
The Belfast Hot Temperature Pump will be a heat pump harnessing waste heat from the refrigeration process to heat hot water for other parts of the plant's operation.
It is expected to slash about 8% off the company's total coal consumption by replacing 1,500 tonnes of coal a year and abate 59,000 tonnes of carbon across its lifetime.
About half of the $1.6 million cost is coming from the Energy Efficiency and Conservation Authority (EECA) Government Investment in Decarbonising Industry (GIDI) fund.
Funding has also been secured for similar pumps at SFF's Finegand and Pareora plants.
Jacinda Ardern told VIPs and Belfast plant workers at the launch that some have called the GIDI scheme "corporate welfare" but she considers it a direct partnership that has had "huge" potential.
Fonterra shareholders are being urged to deliver a strong and clear mandate on the proposed $4.22 billion sale of consumer and related businesses to Lactalis.
Open Country Dairy has finalised a deal to acquire 100% of Miraka.
Fonterra has unveiled the first refrigerated electric truck to deliver dairy products across Auckland.
Research and healthcare initiatives, leadership and dedication to the sector have been recognised in the 2025 Horticulture Industry Awards.
Virtual fencing and pasture management company Halter says its NZ operations has delivered a profit of $2.8 million after exclusion of notional items.
Manuka honey trader Comvita slumped to a $104 million net loss last financial year, reflecting prolonged market disruption, oversupply and pricing volatility.