MPI Hails Kiwifruit Boom as Horticulture Revenue Surges Past $9 Billion
Ministry for Primary Industries (MPI) Director General Ray Smith is giving a big shout-out to the horticulture sector, especially kiwifruit.
Te Puke-headquartered Seeka Kiwifruit Industries Limited has been rebranded “Seeka”, with the new company name Seeka Ltd, effective from October 28. The company will retain its NZX ticker code of SEK.
“Kiwifruit remains our foundation, but the company has matured to the point where it is now time for us to reset the brand strategically for our next growth platform,” said Seeka chief executive Michael Franks.
“We have a greatly diversified range of products, processing and marketing activities across New Zealand, Australia and internationally. The old brand didn’t reflect Seeka’s performance, activity and energy, or where we aspire to be. It was time for us to overhaul and future-proof the way we present Seeka for our growers, shareholders, customers and other stakeholders. Today we send more produce to key markets around the world than ever before.”
In addition to growing, processing and marketing kiwifruit, avocados and kiwiberries, Seeka also imports, ripens and distributes bananas and tropical fruits from the Philippines and South America in New Zealand, and holds the New Zealand agency for Sumifru.
Last year it acquired leading Australian kiwifruit company Bunbartha Fruit Packers Pty and set up Seeka Australia. In addition to having an estimated 80% of Australian kiwifruit production, the Australian arm of the company is also a major grower of Nashi pears, as well as plums, apricots and cherries. Seeka also recently acquired the Kiwi Crush and Kiwi Crushies nutraceutical product ranges and will move into a new, purpose-built head office in Te Puke early next year.
The reality was that Seeka now does a lot more than simply grow kiwifruit and wrap cardboard around it for export, says Franks. “We’re proud of our heritage. Seeka is a powerful, unique name and we want to focus on extending its value.”
Franks noted that Seeka had handled a company record 32.3 million trays of kiwifruit in the past season, up 17%, as well as reporting sector-leading returns for its avocado growers for the third year running. Seeka also had a strong and profitable first six months to June 2016 from its Australian operations, handling 0.6 million trays of kiwifruit, 1,432 tonnes of Nashi pears and 1,791 tonnes of European pears.
“We have delivered exceptional performance for our growers and stakeholders,” says chairman Fred Hutchings.
“The rebrand will underpin Seeka’s strategy of growing our size and profitability. We will continue to vertically integrate, build on our core competencies and values, and look to make further value accretive investments.”
Seeka general manager growers and marketing Annmarie Lee says the new brand included a new tagline - “Selecting excellence” - and a refreshed logo incorporating a star bursting with life, inspired by the company’s core fruit products.
The logo retains the Seeka font and colours, allowing the company to leverage off the existing value created by the company’s SeekaFresh in-market branding.
The company’s core brand attributes include:
· Founded on relationships - The fundamental foundation of Seeka’s business, relationships with growers, contractors, suppliers, customers and investors.
· Quality obsession - Sets Seeka apart.
· Independently ingenious - Delivering performance and innovation beyond the norm.
· Growing futures - Seeka’s business works with the land to deliver economic benefits in a sustainable way to stakeholders.
· Inspirational people - Motivated, empowered and accountable, with training and development and rewarded for performance.
· Safety always - Everyone visiting sites, orchards and operations, or purchasing Seeka products or services, must know they are safe.
“The rebrand and new core values reflect what we believe are important to our stakeholders,” says Lee. “It will ensure we have a professional and consistent brand presence on the orchard, in the packhouse, and in the market.”
The rebrand will see Seeka rapidly roll out all new corporate livery, site signage, billboards, staff clothing, packaging and stationery, starting from today.
