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Refinery competitiveness under the spotlight
Infrastructure

Refinery competitiveness under the spotlight

Refining NZ has “a lot” of scope to improve the competitiveness of its Marsden Point facility and doesn’t need to rush the strategic review it has kicked off, chief executive Naomi James said.The country’s sole oil refinery is not unique among New Zealand and Australian manufactu...

Gavin Evans 15 Apr 2020
Silver Fern Farms' profit boosted by Chinese demand
Primary Sector

Silver Fern Farms' profit boosted by Chinese demand

Silver Fern Farms posted a net profit of $70.7 million for the year to December 2019, up from $5.8 million the year before on the back of higher red meat exports into China.The company, jointly owned by China’s Shanghai Maling Aquarius Limited and farmer-owned Silver Fern Farms C...

Brent Melville 15 Apr 2020
Kiwifruit orchard gate return forecasts up
Coronavirus

Kiwifruit orchard gate return forecasts up

The kiwifruit season has started strongly and exports are progressing well as the New Zealand industry implements the necessary protocols to operate under the current lockdown conditions, kiwifruit marketer Zespri chairman Bruce Cameron said in an update.“The kiwifruit industry h...

Rebecca Howard 15 Apr 2020
Refining NZ ponders new models, break-up in strategic review
Infrastructure

Refining NZ ponders new models, break-up in strategic review

Refining NZ is considering breaking up its operations or moving to a fuel import model as part of a strategic review to ensure the long-term viability of the business.The firm, which operates the Marsden Point oil refinery, said significant new capacity coming online in Asia had...

Gavin Evans 15 Apr 2020