- Release Date: 25/09/15 10:41
- Summary: GENERAL: SAN: Sanford Limited - Continuous Disclosure
- Price Sensitive: No
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SAN 25/09/2015 10:41 GENERAL NOT PRICE SENSITIVE REL: 1041 HRS Sanford Limited GENERAL: SAN: Sanford Limited - Continuous Disclosure 25 September 2015 NZX Announcement Sanford Progresses Value Add Strategy and Invests in Factory Trawler The increasing focus on adding more value to its quota portfolio has prompted Sanford to invest in a freezer trawler with superior capability and capacity as well as processing flexibility. The F/V Granit, a 67m vessel currently operating in Norway, is eminently well suited to New Zealand conditions and for Southern Ocean operations. Sanford's Chief Executive Officer Volker Kuntzsch said "that the processing flexibility of the 'F/V Granit' will ensure greater productivity through fully utilizing the catch in line with specific customer demand. The vessel will enable us to diversify our product portfolio and make excellent use of revolutionary and innovative technology such as the Precision Seafood Harvesting project developed in New Zealand. This significant investment signals our continued commitment to the New Zealand seafood industry and its ongoing success". The 'Granit' is expected to arrive in New Zealand in the third quarter of 2016. Volker Kuntzsch Chief Executive Officer ENDS The media contact for Sanford is Trish Sherson on 021 570 803 or e-mail [email protected] For further information regarding Precision Seafood Harvesting, the future of Sustainable Fishing please refer to www. http://precisionseafoodharvesting.co.nz/ End CA:00270751 For:SAN Type:GENERAL Time:2015-09-25 10:41:19
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- Ann: GENERAL: SAN: Sanford Limited - Continuous Disclosure
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