NZ's disease-free sheep stomachs key to Aroa's success

NZ's disease-free sheep stomachs key to Aroa's success
Aroa CEO Brian Ward says the firm will stay in NZ, close to that sheep supply. (Image: Aroa Biosurgery)
Rebecca Stevenson
Soft tissue repair company Aroa says it has myriad reasons to be confident about its outlook with expansion of its Auckland manufacturing site, new machinery to boost output, a new device approved in the US and chunky product margins. Aroa Biosurgery is listed on the Australian securities exchange but has no plans to leave NZ with the country’s ample and uniquely disease-free stock of sheep guts underpinning the company’s output. Aroa has two sites near Auckland airport where it turns ovine abattoir leftovers into medical...

More Markets

Lower bond yields lift NZ sharemarket
Markets Market Close

Lower bond yields lift NZ sharemarket

Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.

Jamie Gray 30 May 2025
Turbulent market slashes 2 Cheap Cars' profit
Markets

Turbulent market slashes 2 Cheap Cars' profit

New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...

Staff reporters 30 May 2025
Pacific Edge launches $20m capital raise
Markets

Pacific Edge launches $20m capital raise

The raise will help the medtech company continue operations for another year.

Staff reporters 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025