Turners & Growers aims at wider horizons

RICHARD MEADOWS
Last updated 05:00 28/06/2014

Relevant offers

Industries

Airways New Zealand and Singapore Civil Aviation Authority sign air deal Bullying widespread in Timaru Hospital kitchen, former worker alleges ASB Securities unavailable, blames 'technical difficulties' Sneak peek at Huntly's $458 million roading project Big drop in Sky TV subscribers after Rugby World Cup, $300m wiped off shares Is Beyonce's Formation World Tour in trouble? Entire stadium sections go unsold Farmers moves into damage control on Mother's Day promotion Auckland's current water supply to hit capacity in 15 years - Watercare Giant $13 million expansion for The Warehouse's distribution centre Denver Lawson - the Kiwi who is cleaning up the two-stroke

Turners & Growers has outlined its new corporate strategy, with a focus on targeting growth markets and thinking globally.

The NZX-listed fruit and vegetable firm reported a record full-year profit of $16.2 million in March, reversing the previous year's loss.

At the company's annual meeting in Auckland yesterday, chief executive Alastair Hulbert gave an overview of the new strategy.

The five "strategic pillars" were global thinking, a focus on growth markets, improving relationships, growing intellectual property and simplifying operations.

"A global focus is critical to explore new markets, new products and new opportunities," Hulbert said.

The company's majority shareholder, German firm BayWa AG, would help facilitate the expansion, he said. Global growth products, including kiwifruit, pipfruit and grapes, would be given a bigger push.

The company also planned to grow its intellectual property portfolio, as exclusive varieties of fruit and vegetables were "extremely valuable", Hulbert said.

Shareholders voted to re-elect chairman John Anderson and director Andreas Helber, who had retired by rotation.

They also approved the appointment of BayWa AG fruit general manager Christiane Bell as a new director.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content