Silver Fern Farms' acquisition of the Frasertown sheep
processing plant, near Wairoa in northern Hawkes Bay, shows
the company's "absolute confidence" in the sheepmeat sector,
chairman Eoin Garden says.
An initiative between Silver Fern Farms and giant supermarket
retailer Tesco, which goes live in the UK this week, has been
described as a very exciting milestone for the meat company.
Wool marketer New Zealand Merino and meat company Silver Fern
Farms are forming a joint venture to market and promote
merino branded sheep meat and by-products.
Silver Fern Farms chairman
Eoin Garden yesterday survived a challenge for his board
position and was re-elected at the company's annual meeting
in Waipukurau.
Staff at a North Island
freezing works are riled at having their pay cut for the
official two minutes' silence to remember the 29 men killed
in the Pike River mine.
The continued focus on
strengthening its balance sheet saw the country's largest
meat company halve its profit last year, but Silver Fern
Farms (SFF) says its three-year restructuring programme is
finally behind it.