Mohawk to acquire NZ carpet maker Bremworth
Premium wool carpet maker Bremworth is being sold to the world's largest flooring company.
Rob Hewett and Fiona Hancox have been elected to the Silver Fern Farms’ Board of Directors.
The results of the election, which closed at 3pm on Friday, February 13 were:
· Rob Hewett: 41,437,912
· Fiona Hancox: 25,241,163
· Herstall Ulrich: 20,695,485
The total weighted vote represents 68.10% of total shares, and is up from the 61.76% turnout in the previous election in December 2013.
The voter return percentage was 30.86% of eligible shareholders. This is up 4.1% on the 2013 return of 26.76%.
Votes were received from 1,500 eligible voters from a total of 4,860 eligible voters. To become eligible, shareholders needed to meet requirements that included supplying a minimum level of stock for processing over the past two seasons.
According to the latest Federated Farmers banking survey, farmers are more satisfied with their bank and less under pressure, however, the sector is well short of confidence levels seen last decade.
Farmer confidence has taken a slight dip according to the final Rabobank rural confidence survey for the year.
Former Agriculture Minister and Otaki farmer Nathan Guy has been appointed New Zealand’s Special Agricultural Trade Envoy (SATE).
Alliance Group has commissioned a new heat pump system at its Mataura processing plant in Southland.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
Meat processors are hopeful that the additional 15% tariff on lamb exports to the US will also come off.