BX Foods posts another loss as OIO probe continues

The main entrance to the BX Foods plant. (Image: BusinessDesk)

Tue, 23 Sep 2025

BX Foods has reported wider losses and falling revenue as it remains under investigation by the Overseas Investment Office.The North Otago red-meat processing minnow is part of the Binxi Group, founded 20 years ago in the Chinese city of Harbin.The Chinese meat company bought Lean Meats’ Oamaru (LMO) operation for $5 million 10 years ago and laid out ambitious targets to become a Top 50 New Zealand food and beverage company.By 2020, according to a 2017 business plan, it aimed to have $280m in sales, $7m in net profit and $10m in ebit...

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