Alliance Group plans to invest $54 m in technology
Alliance Group chief executive David Surveyor said that the cooperative is prepared to re-invest in continuing to build the company's operational performance.
Furthermore, the company will also have a bonus share issue and reward farmer shareholders by increasing their shareholding in the co-operative. The level will be based upon the supply of lambs, sheep, cattle, calves, and deer during the 2017 and 2018 season.
“Alliance is now a much fitter co-operative as a result of our focus on lifting efficiency and improving sales and marketing,” said Mr. Surveyor.
“We are making good progress against our key measures with a stronger balance sheet, improved profitability and better livestock pricing for farmers.
“We’re working hard to ensure our improvements are sustainable through further investment, growing our value add and building our organisational capability.”
As part of the strategy programme, Alliance Group has made significant investments in technology and operational improvements, lifting processing and productivity across its plants and incorporating best practice from around the world, said Mr. Surveyor.
That included new primal cutters and middles technology at the Dannevirke plant, a range of investments to lift the recovery of “5th quarter” products, improving chiller performance, investing in the Pukeuri plant beef chain and packaging innovations.
The co-operative expected to make further gains as a result of its recent acquisition of Singapore-based marketing and sales company Goldkiwi Asia, which will be known as Alliance Asia.
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