Ten years on, BX Foods’ big plans still in progress

BX Foods' plant on the coast of Ōamaru has been hit by delays. (Image: Google Maps)

Thu, 10 Jul 2025

When Binxi Group first invested in New Zealand in 2015, it had a clear growth plan.The Chinese meat company bought the Lean Meats’ Oamaru (LMO) operation for $5 million 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 ebitda – processing 1.3 million lambs annually across three sites.But 10 years on from that initial investment, things haven’t gone to plan. Binxi – known in New...

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