Alliance operations on move

Last updated 08:06 05/12/2013
Southland Times photo
Alliance Group chief executive Grant Cuff.

Relevant offers


Farmers big players in protecting rivers Fonterra blindsided as nineteen arrested in China over milk powder scam Farmwatch releases more video of abused NZ calves NZ free trade agreement with the EU up for debate Fitting together the jigsaw of wastewater, horses and sheep MPI ready to handle foot-and-mouth disease outbreak Beef cattle quality advances to push competition up Wool market comes off slide MyFarm investment company expands into vineyards Vet warns farmers against cheap dairy grazing

The Alliance Group is in the process of transferring beef rendering operations to its new $25 million rendering plant at Lorneville in Invercargill.

Alliance Group chief executive Grant Cuff said the company started moving operations from the Mataura beef plant about a week ago.

It was also clearing out the rendering plant at Makarewa, where lamb slinks processing finished about a month ago, he said.

Alliance Group is consolidating its southern rendering operations at the new Lorneville plant to improve productivity.

Mr Cuff expected rendering operations at the Mataura beef plant and Makarewa venison plant to end within the month.

The annual report released this week showed restructuring costs of $2.5m, comprising asset write-downs and costs associated with the closures.

The report also showed $849,000 in redundancy costs.

Mr Cuff said there were jobs at the new plant but some people chose redundancy because of age and other factors.

Last month Alliance Group announced a turnover of $1.4 billion and its balance sheet showed an equity ratio of 61 per cent and an operating cash flow surplus of $89m.

Ad Feedback

- The Southland Times


Special offers

Featured Promotions

Sponsored Content