Westland Milk loan heightens PGF slush fund suspicions
Regional Economic Development Minister Shane Jones’s $3 billion Provincial Growth Fund has the laudable aim of enhancing development opportunities in the regions. But National’s Paul Goldsmith’s dogged unanswered questioning inevitably raises the spectre that the fund may be little more than Jones’s slush fund. The Ministry of Business, Innovation and Employment, which administers the fund, […]
Westland Milk Products lines up new $15m plant in New Zealand
New Zealand dairy company Westland Milk Products has announced plans to build a NZD 22 million ($15.1 million) plant at its facility in Hokitika, South Island.
Government lends $10m to Westland Milk for high value products
The Government has given Westland Milk Products a $9.9 million loan to help build a plant to separately process multiple types of special quality milks into high value products.
Profits up at Westland Milk pre-tax
Westland Milk Products yesterday posted a before-tax profit of $3.25million as it tries to claw its way to profitability.
Westland Milk Products fined after spill contaminates river
Westland Milk Products has been fined after an accidental oil spill into the Hokitika River.
International factors drive Westland Milk to cut predicted payout range
Westland Milk Products cut its predicted payout range from $6.50-$6.90 to $6.10-$6.50 this week on the back of the decline in global prices for dairy commodities.
Patience tested at Westland Milk
Westland Milk Products chief executive Toni Brendish admits the co-op has tested its shareholders’ patience and she can’t ask them to hold on any longer.
Westland acknowledges payout 'not competitive'
Westland Milk Products has held back profits to give farmers a final season net payout of $6.07 a kilo of milk solids, which it acknowledges is «not competitive».
Westland Milk lowers predicted payout range
Westland Milk Products has lowered its predicted payout range another 5c following a board meeting last week.
Westland lifts milk payout prediction to $6.75-$7.20
Westland Milk Products has announced a predicted payout range of $6.75-$7.20 for the new dairy season.