Displaying items by tag: Silver Fern Farms

Silver Fern Farms and Shanghai Maling completed their partnership yesterday.

In an ironic twist to the long-running Silver Fern Farms and Shanghai Maling merger saga, the deal will now be done earlier than planned.

Silver Fern Farms (SFF) chairman Rob Hewett has dismissed claims that the newly merged meat company is about to start a bidding war for new season lambs.

Silver Fern Farms is consulting with staff at its North Island Wairoa mutton processing plant and its South Island Mossburn venison plant on options for closing the two small sites.

Hope for better lamb prices this season appear to be evaporating quicker than a summer shower.

Lowering farmer costs and reducing duplication are key aspects of a new farm audit system being introduced this month.

Silver Fern Farms welcomes the Overseas Investment Office’s (OIO) approval of the application by Shanghai Maling to invest $261m into the company to create a 50/50 partnership.

New Zealand will enjoy benefits from the approval for Shanghai Maling Aquarius to acquire a 50% ownership stake in Silver Fern Farms.

Silver Fern Farms chairman Rob Hewett says it fully supports the 50:50 partnership with Shanghai Maling.

Drama and dirty fighting are nothing new in the New Zealand meat sector.