|
Thursday 7th September 2017 |
Text too small? |
Alliance Group will invest $1.7 million in two plants in order to meet growing demand for New Zealand-sourced blood products.
In Pukeuri in Oamaru it will build a new facility created to help boost the recovery of blood-based products for sale to the pharmaceutical, biotechnology and medical device industries, the cooperative said in a statement. The meat processor will also improve the recovery of offal and upgrade the pet food area, it said.
Blood products are used in the development of vaccines, cancer treatments and drugs to treat neurodegenerative, haematological and endocrine disorders, according to Alliance. A spokesman said the cooperative supplies New Zealand companies that then sell to their own customers.
It will also invest in its Lorneville plant near Invercargill to extract more value from blood products. The cooperative has installed a laboratory-standard blood processing facility at the plant, it said.
Alliance, the world's largest processor and exporter of sheepmeat, had seen a "substantial lift" in demand from the pharmaceutical industry for New Zealand-sourced blood products, chief executive David Surveyor said.
“The range of beef offal captured at Pukeuri is currently limited due to the size of the space at the plant. Part of capturing more value is optimising the collection of blood products from processed animals. This upgrade will boost the capacity of our bovine offal and blood capture facilities significantly," he said.
New Zealand currently exports about $92 million of blood products to the European Union and $36.5 million to the US for pharmaceutical purposes each year, according to government figures, although the data doesn't differentiate between animal and human sources.
(BusinessDesk)
No comments yet
SUM - Summerset Appoints Sue Matthews as Independent Director
GNE - FY27 Q1 Performance Report
FPH - F&P Healthcare statement regarding cyber incident
HGH - Heartland Group confirms leadership endorsements
October 22nd Morning Report
VCT - Operational Performance for the 3 months ended 30 Sept 2026
SKL - Skellerup with strong start, forecasts growth for FY27
NPH - 2026 Annual Results Announcement Date
SKC - 2026 Annual Meeting of Shareholders
SML - Synlait appoints permanent Chief Executive Officer