New Zealand King Salmon Investments Limited logo

NZK – Best Aquaculture Practices 4 star certification

ESG10 April 2018NZKConsumer Staples

10 April 2018
Media Statement



GOLD STARS FOR KING SALMON



The Global Aquaculture Alliance has awarded New Zealand King Salmon (NZKS) a fourth star

for responsible aquaculture production.


It is the world’s first King salmon producer and the first salmon producer in Australasia to

achieve four-star status. The accolade was awarded to NZKS following an audit of its major

feed supplier, Skretting.


This means that NZKS will now offer four-star Best Aquaculture Practices (BAP) salmon.


“Put into restaurant terms, this is the equivalent of earning a Michelin star” says NZKS CEO

and Managing Director Grant Rosewarne.


“New Zealand King Salmon is an ambitious company that never rests on its laurels and is

constantly working to become even more economically, socially, and environmentally

sustainable.”


Four-star is the highest designation in the BAP third-party certification program, indicating that

a product originates from a BAP-certified feed mill, hatchery, seafarm and processing plant.


“We’re absolutely thrilled with this certification, because it further recognises more than 30

years of hard work and investment in growing the world’s best salmon,” Rosewarne says.


“It is also particularly pleasing to be the first King salmon producer in the world to receive the

four-star certification. The aquaculture industry is a competitive one, but we’ve always been

confident we are amongst the best and this is clear proof.


“Our business is showing impressive growth, with sales up by around 30 per cent year on

year. We’re working hard to supply the increased demand from customers at home and in

offshore markets such as the United States and Japan.


“We are focused on plans that will allow us to expand our operations while lifting environmental

standards. This will enable a continued contribution to our local communities in the top of the

South, as well as to New Zealand’s export successes.


“A certification like this confirms our leadership status in NZ’s maturing aquaculture industry.”



ENDS





Contact:

Grant Rosewarne, CEO and Managing Director, New Zealand King Salmon Investments Ltd

email: grant.rosewarne@kingsalmon.co.nz



About BAP:


A division of the Global Aquaculture Alliance, Best Aquaculture Practices is an international

certification program based on achievable, science-based and continuously improved

performance standards for the entire aquaculture supply chain — farms, hatcheries,

processing plants and feed mills — that assure healthful foods produced through

environmentally and socially responsible means. BAP certification is based on independent

audits that evaluate compliance with the BAP standards owned by the Global Aquaculture

Alliance.


About New Zealand King Salmon:


New Zealand King Salmon is the world’s largest aquaculture producer of the premium King

salmon species. We operate under our four key brands: Ōra King, Regal, Southern Ocean,

and Omega Plus, as well as the New Zealand King Salmon label. We have been growing and

selling salmon to consumers for more than 30 years. Today we employ around 500 people.

New Zealand investors make up a significant percentage of the ownership of NZ King Salmon

and the communities of Marlborough, Nelson Bays and Tasman are well represented with

more than 400 of the 2,200 shareholders from top of the South. More information can be found

at www.kingsalmon.co.nz

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.

  • SAN — Sanford Limited: Sanford Limited – Interim Result Announcement
    2018-05-23

    growth, in both domestic and international markets. Europe and China were two highlights: overall sales in these territories increased by 85.4% and 78.6% respectively. Other positive contributors to this result were stronger global squid prices, good demand for Greenshell mu…”

  • KFL — Kingfish Limited: Another strong result for Kingfish
    2018-05-21

    For immediate release: 21 May 2018 Another strong result for Kingfish  Net profit after tax $36.3m  Total shareholder return +12.0%  Gross performance return +16.5%  Dividend return +8.7% (11.28 cps paid) NZX-listed investment company Kingfish Limited (N…”