Posts tagged "Sanford"

Seafood industry an improving student but could try harder says executive

[2 August/Stuff] Seafood NZ Executive Chairman, Craig Ellison, updated his personal appraisal on the state of the industry at this year’s Seafood New Zealand conference. In 2017, he likened the industry to a studious pupil who showed signs of maturity, but could do better.  He now suggested the industry had made some positive moves towards...

Fishing giants under-reported hoki catch by ‘thousands of tonnes’

[24 May/Stuff] According to Fisheries Minister, Stuart Nash, fisheries companies have historically behaved badly but the reports of under-reported hoki catches several years ago was not grounds for an independent inquiry. Greenpeace Executive Director, Russel Norman, said that MPI had been captured by the fishing industry and he was not convinced anything had changed since...

Hoki Dokey: NZ fish skin facemasks to launch in China

[23 May/Radio NZ] Hoki skins that were destined for pet food are being used in facemasks to go on sale in China this month. Sanford has teamed up with innovation company, Revolution Fibres, to produce a skincare range. They claim it can reduce wrinkles by up to 31.5 percent. Revolution Fibres Research Manager, Bhuvana Kannan,...

Sanford pulls out after big salmon by-catch

[6 December/ Otago Daily Times] Fish & Game has praised Sanford for voluntarily withdrawing from trawling around Banks Peninsula. Sanford’s decision was made after one of its vessels caught nearly 400 salmon as by-catch last weekend, of which 372 were escaped farm salmon and 22 were wild fish. Fish & Game Scientist, Mark Webb welcomed...

Investment and bigger catches for Sanford’s Timaru plant

[16 November/ Stuff] Increased investment by Sanford in its Timaru operation has been welcomed as a sign of continued commitment to South Canterbury’s economy. Sanford’s annual report detailed plans to finish building a multi-purpose room to provide better capacity and flexibility for processing toothfish and fresh fish at the Timaru factory. The report also noted...

Sanford purchases Marlborough mussel firm

 [10 July/ Stuff]’ The Sanford purchase of Blenheim-based nutraceuticals company ENZAQ is being celebrated as a Win-Win for Marlborough and New Zealand’s greenshell mussel industry. ENZAQ manufactures and exports a mussel powder used in health and veterinary products. Scientists are researching the anti-inflammatory properties in Greenshell mussel and their role in reducing joint pain. ENZAQ...

Sanford profit up 25 percent

 [26 May/ Otago Daily Times] Sanford, New Zealand’s largest listed seafood company has increased profit by 25 percent to $19million, or 20.4c a share, in the six months ended 31 March, compared to $15.3million, or 16.3c, the previous year. Revenue from continuing operations increased 5 percent to $230.4million. In the most recent period, the company...

A special moment for Sanford CEO

[11 May/ National Business Review] Since Sanford Chief Executive Officer, Volker Kuntzsch, joined New Zealand’s biggest fishing company just over three years ago, its share price has increased from $4.42 to over $7 per share. Mr Kuntzsch said he had a vision of running the best seafood company in the world, but success would not...

Sanford moves to restrict foreign shareholders to protect quotas

[15 December/ National Business Review] Sanford has asked shareholders to vote for a constitutional change so it could restrict the level of foreign ownership to 22.5 percent in order to avoid jeopardising its wild catch quota. The company told shareholders that if the rising foreign investor ownership of Sanford went above the 25 percent limit,...

Fishing companies announce plan to help protect Maui dolphin, take aim at set netting

 [15 December/ NZ Herald] Moana New Zealand and Sanford have begun working with World Wildlife Foundation to protect Maui dolphins. The companies want to protect the world’s rarest dolphin from fishing nets in the dolphin’s habitat along the west coast of the North Island. The plan proposed an end to coastal set netting and conventional...

Sanford annual profit more than doubles on weaker kiwi

 [17 November/ National Business Review] NZX listed fishing company, Sanford, announced its annual results for the year to 30 September last week, reporting increased net profit (at NZD34.7 million compared to a profit of NZD13.8 million in the prior year) on the back of a weaker kiwi dollar and cheaper fuel costs. Revenue increased 2%...

Sanford’s green lipped mussels growing too big for bite size

[26 May/ Business Day] Seafood Processor, Sanford posted a profit of $18.8 million in the 6 months to 31 March, an increase of 96 percent on the same period last year, despite poor mussel sales affecting the company’s sales. Sanford Chief Executive, Volker Kuntzsch said warmer El Nino weather over summer brought warmer ocean temperatures...

Cawthron and Sanford team up in $1m mussel research to prove benefits

[2 December/ Business Day] The Cawthron Institute and Sanford are to work together to examine the health benefits of greenshell mussels. The research will help the industry develop products of appeal to the emerging market of wealthy, ageing, health-conscious consumers, predominantly in China. The research project, which will receive government funding of $1 million over...

Sanford quits Pacific tuna business, lines up buyers for vessels

[1 September/ NZ Herald] Sanford is to abandon its underperforming tuna business, selling the units fleet. Sanford Chief Executive, Volker Kuntzsch said unsatisfactory returns driven by low prices, the strict commodity nature of skipjack tuna as well the increasing costs of accessing fisheries resulted in the decision to exit the tuna business. The company has...

Sanford lifts operating profits in challenging half year [25 May/ Business Day]

Sanford has raised its half year operating profits by more 18 percent to $33.9 million. Its net profits after tax, which included a one-off impairment charge of $6.8 million after the closure of its Christchurch plant, fell by 18.3 percent to $9.6 million. Sanford’s revenue remained constant at around $226 million. Sanford CEO, Volker Kuntzsch...

Sanford breeding mussels ‘like sheep or cattle’ [22 April/ Business Day]

Sanford is to breed mussels enabling the company to produce millions of spawn, for a steadier supply in future. The newly opened hatchery, in partnership with the Ministry for Primary Industries, is to give a consistent supply of lab-hatched, healthy spat to support the wild-caught stock. Sanford COO, Greg Johansson said it would be several...

Sanford closes plant

[20 April/ Business Day] Sanford has closed its Christchurch plant, at cost of more than $2 million in exit pay, as recent weather patterns have reduced the supply of natural mussel spat. Sanford Chief Executive, Volker Kuntzsch said all employees will receive a minimum of eight weeks total pay. Mr Kuntzsch explained how the company...

Sanford blames warming seas for Christchurch plant closure

[9 April/ Business Day] Sanford Chief Executive, Volker Kuntzsch said the closure of its Christchurch mussel plant is the result of high ocean temperatures which have affected the growth of its farmed mussels in the Marlborough Sounds and its supply of wild, young mussel spats that it harvests from other places for future stock. Mr...

Sanford looks to lay off 232 Christchurch staff

[9 April/ NZ Herald] Sanford is in discussions with 232 employees, who are likely to lose their jobs at the company’s Christchurch mussel processing plant, with a decision on their futures to be announced in two to three weeks. Sanford Chief Executive, Volker Kuntzsch said recent weather patterns have impacted natural spat supply for several...

Selective breeding for Greenshell mussels unveiled

[2 April/ NZ Herald] A new mussel hatchery and lab facility, the result of a partnership between the mussel industry and the Ministry for Primary Industries, has opened with the aim to increase control over mussel spat. The hatchery comes two years into a seven year Primary Growth Partnership programme called Shellfish Production and Technology...

Green-lipped mussel bounty all ours

[22 March/ NZ Herald] The green-lipped mussel farming industry has greatly expanded in recent years, with exports hitting $181 million in 2013. However, production volumes vary with a problematic constraint being the reliance on wild-harvested spat to seed the farms. The harvested volumes vary with La Nina and El Nino climate cycles. A partnership between...

Sanford voyages from frozen to fresh

[14 December/ NZ Farmer] Sanford’s CEO, Volker Kuntzsch said that the highest level of adding value to fish is not to do anything to the product and deliver it fresh, and mentioned that live fish sold to Chinese restaurants have been worth 50 to 70 percent more. Despite not being able to export fish live,...

Talley’s adds tuna ship – and its crew

[9 December/ Business Day] Talley’s has acquired a second purse-seiner from Sanford, doubling the size of its tuna catching capabilities. The 40 year old, 61 metre ship, Eagle which has retained its mixture of 21 American crew is to commence fishing from January to May in New Zealand’s exclusive economic zone and from May to...

Sanford lifts profit despite ‘challenging year’

[19 November/ National Business Review] New Zealand’s largest listed fishing group, Sanford increased its annual profit by 10 percent, led by deepwater fishing and aquaculture operations, despite the falling skipjack tuna prices. Sanford said that profit after tax before minority interests increased from $20.4 million to $22.4 million for the year ended September 30, with...