Posts tagged "New Zealand King Salmon"

Salmon industry in short supply turns to Atlantic seas for help

 [3 June/Stuff] New Zealand King Salmon sought stock from outside of New Zealand waters after demand exceeded supply. Chief Executive, Grant Rosewarne, warned the move could be permanent as New Zealand salmon supplies suffered in the face of static stock numbers. The company faced shortfalls of between 20 and 30 tonnes a week. Mr Rosewarne...

Thousand tonnes of dead fish poses problem for King Salmon

[15 May/Radio NZ] New Zealand King Salmon is seeking a government grant of $116,000 from the Waste Minimisation Fund to help devise economically valuable ways to deal with thousands of tonnes of dead fish and fish faeces. Mortalities are collected daily and transferred via road from Picton to Havelock North to the landfill in Blenheim....

King Salmon , but heat is on

[2 March/Otago Daily Times] With sea temperatures well above average, a record $15.7 million first-half profit for New Zealand King Salmon has been tempered by a second-half profit warning. King salmon estimated second-half profitability to be lower due to lower sales volume, a de-acceleration of harvesting, increased fish mortality and increasing feed costs.  Chairman, John...

Report recommends moving Marlborough salmon farms

 [14 February/Radio NZ] A report has recommended that three Marlborough Sounds salmon farms should be relocated to help improve the environment. The report which made this recommendation was written by an independent advisory panel who considered submissions and public hearings on the proposal to relocate up to six Marlborough Sounds salmon farms to more sustainable...

Hotter-than-normal water kills off salmon in the Sounds

[2 February/ NZ Farmer] Salmon in the Marlborough Sounds are dying in their farms as an abnormally hot summer continues to take its toll on marine life. The ideal water temperature for salmon is between 12 and 17 degrees Celsius, but farms had been warmer than usual since early December. New Zealand King Salmon Chief...

MPI split won’t affect ‘done and dusted’ salmon farms, says NZKS

[29 October/Stuff] New Zealand King Salmon Chief Executive Grant Rosewarne confirmed the new Labour-led government and subsequent disbanding of the Ministry of Primary Industries would not affect the planned reallocation of salmon farms in the Marlborough Sounds. The proposal, announced last January, sought to move six salmon farms from low flow to high flow sites...

NZ King Salmon keeping an eye on future expansion costs

[25 August/Stuff: Business Day] New Zealand King Salmon has posted a stronger than forecast final profit of $22 million on the back of a 38% increase in sales to North American restaurants. The company supplies Ora King Salmon to around 800 restaurants in the US (accounting for about 25% of sales), while around 50% of...

King Salmon lodges consent for mussel farm in outer Pelorus Sound

 [28 March/ New Zealand Herald] New Zealand King Salmon has submitted a resource consent application for a greenshell mussel farm at Blowhole Point in the outer Pelorus Sound.  The company already holds consents for 11 salmon farms and two mussel farms (at White Horse Rock and Crail Bay). King Salmon Chief Executive, Grant Rosewarne, said...

New Zealand King Salmon taking pet food foray to US

[15 March/ Stuff] New Zealand King Salmon’s food enterprise, Omega Plus, is showcasing their product at the Global Pet Expo in Orlando, Florida, this month. The expo attracts over 1000 companies featuring more than 3000 product-launches. The Omega Plus pet food range, launched last year, includes a dry kibble product, smoult or salmon tail treats,...

New Zealand King Salmon fast-tracks new harvest process after US exports denied entry

 [6 March/ Stuff] New Zealand King Salmon has fast-tracked a new harvest method after the US Food and Drug Administration (FDA) notified King Salmon that two shipments were turned away by border authorities and held for a three-day routine testing. The salmon shipments contained isoeugenol, a naturally occurring compound in clove oil-based sedative product, Aqui-S,...

NZ fresh food exports drive company earnings

[1 March/ Radio NZ] Earnings for T&G Global and New Zealand King Salmon have increased due to New Zealand’s reputation for quality fresh food exports. Fresh produce seller T&G Global has seen a two-thirds rise in full-year profit due to increased sales. The company showed a $32.4 million net profit for the year ended December,...

King Salmon announces Picton expansion, new product plans

 [6 February/ NZ Farmer] New Zealand’s largest king salmon farmer, New Zealand King Salmon, announced that 30 jobs would be created in Picton next year, even if the Ministry for Primary Industries proposal to move six King Salmon farms to higher-flow areas does not progress. Chief Executive, Grant Rosewarne, said that even if the farms...

New Zealand King Salmon lists on the NZX and the ASX

[19 October/ Business Day] New Zealand King Salmon has been listed on the NZX and ASX, with a $1.12 share price valuing the company at nearly $155 million. The shares rose to $1.15 shortly after being listed before falling back throughout the day. New Zealand King Salmon will use the $30 million raised through the...

King Salmon IPO to issue shares at $1.12

 [23 September/ Radio NZ Rural] New Zealand King Salmon shares would be sold at $1.12, near the bottom end of its indicative price range of $1.10 to $1.20. New Zealand King Salmon Chairman, John Ryder said the company was delighted that New Zealand investors had demonstrated such strong support for the initial public offering, with...

Salmon set to make share market return

 [30 August/ NZ Herald] New Zealand King Salmon has announced plans to raise up to $200 million through an initial public offer and listing on the NZX and ASZ by late October. Proceeds from the offer would be used to repay debt, fund future investment and working capital, and to enable its second biggest investor...

New Zealand King Salmon opens two new salmon farms in Marlborough Sounds

[12 July/ Business Day: NZ Farmer] Environment Minister, Nick Smith has officially opened New Zealand King Salmon’s two new salmon farms in the Marlborough Sounds. New Zealand King Salmon had been working on getting the farms ready since it won a Supreme Court decision allowing it to expand its operations in the Marlborough Sounds. A...

Three Marlborough Sounds salmon farms in spotlight after failing to meet environmental guidelines

[9 May/ Business Day: NZ Farmer] Three New Zealand King Salmon farms in the Marlborough Sounds have not met the best management practice guidelines set by the Government and Marlborough District Council. New Zealand King Salmon Environmental Compliance Manager, Mark Gillard said that the company was working with the council and the Ministry for Primary...

NZ King Salmon wants to move into Southland

[23 July/ Business Day] New Zealand King Salmon has met with representatives of Southland’s four councils and Venture Southland to discuss its possible expansion into the region. New Zealand King Salmon Chief Executive, Grant Rosewarne said the company could make major contributions to the economic wellbeing of the region, with around $100 million in investment...

New Zealand leading the way with sustainable salmon [10 June/ Marlborough Express]

Grant Rosewarne, CEO of New Zealand King Salmon, said that natural geographic advantages and kiwi ingenuity are to credit for the NZ salmon industry being identified as a global leader in a new sustainability report, the Global Salmon Initiative Sustainability report. The report which analyses 14 salmon companies globally highlights NZ King Salmon’s low levels...

Millions lost after warm seas kill salmon

[13 March/ Business Day] Warm sea temperatures in the Marlborough Sounds has contributed to the deaths of many salmon, creating a multimillion dollar problem. New Zealand King Salmon Chief Executive, Grant Rosewarne said the water temperatures at the Waihinau Bay Farm had stayed above 18 degrees Celsius for three months, with the fish functioning best...

Eco benefits of $5m salmon feed project disputed

[24 February/ Business Day] New Zealand King Salmon Chief Operating Officer, Ruben Alvarez said research aimed at understanding the best feed for salmon could cut the environment footprint of the company’s Marlborough Sounds farms. Mr Alvarez added, the nutritional requirements of King Salmon differ from the common farmed species and the research was not driven...

NZ salmon farms among world’s most sustainable

[17 February/ Radio New Zealand Rural] The independently produced global consumer guide, Seafood Watch’s findings rate New Zealand’s sea farmed and fresh water salmon as green or best choice, making New Zealand King Salmon the world’s first ocean farmed salmon to have achieved the rating from Seafood Watch. New Zealand King Salmon general manager, Jemma...

Chilean firm wins King Salmon contract

[8 January/ NZ Farmer] New Zealand King Salmon CEO, Grant Rosewarne said that it awarded the contract to build the pens and supply feed for three new salmon farms in the Marlborough Sounds to the Chilean aquaculture company, Akva. Mr Rosewarne said the decision was due to needing more buoyant pens that are not available...

Court costs go against King Salmon

[21 November/ NZ Farmer] The Environmental Defence Society and the environmental group, Sustain Our Sounds have won costs against New Zealand King Salmon in the Supreme Court, relating to the appeals taken by the society and Sustain Our Sounds against New Zealand King Salmon’s approval to expand its marine farming operation in the Marlborough Sounds....