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
