Andy Rowe, CEO of Cuddon Limited describes winning the contract as “a significant milestone in both our long term relationship with New Zealand King Salmon and also for the wider Marlborough community. We’re absolutely delighted to have been awarded this major project – it underlines not only our ability but also the abilities of our sub-contractors within the region.”
“Cuddon Limited and New Zealand King Salmon have a long association working together and we’re delighted that their proposal for this project was the best fit over those from larger international companies, both on quality and price,” says New Zealand King Salmon CEO, Grant Rosewarne.
When it is completed in 2017, the barge will be used to store and distribute salmon feed, and will be located at the new Waitata salmon farm in the Pelorus Sound, recently opened by Hon. Nick Smith. Much larger than its predecessors, the new barge will contain up to 240 MT of salmon feed – 1-2 weeks’ worth of feed at current farm capacity.
The existing Waitata barge will move to Kopāua and be replaced by this latest, larger barge. The project is a key part of developing infrastructure for the Kopāua farm, which is outlined in New Zealand King Salmon’s Product Disclosure Statement for its Initial Public Offering.
The importance of local businesses supporting each other to help the region grow and prosper is a view shared by Marlborough Chamber of Commerce Chief Executive, Stephen Gullery.
Gullery says, “it is extremely pleasing to see the growth of one local Marlborough industry benefit another. It’s sharing this prosperity that grows the local economy and creates other positives within the region.”
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Andy Rowe +64 21 842928 email@example.com
Grant Rosewarne +64 27 246 0980 firstname.lastname@example.org
Stephen Gullery +64 27 626 2243 email@example.com
New Zealand King Salmon Investments Limited is the issuer of the shares to be issued under the offer to which this media release relates and certain of the shares are being offered by NZK Limited. A product disclosure statement for the Offer, which sets out the terms and conditions of the Offer, is available, and can be obtained by visiting www.shareoffer.co.nz/newzealandkingsalmon. Nothing in this media release constitutes an invitation to subscribe for, or an offer of shares, securities or financial products to any person, in any country other than New Zealand. This media release is not intended for general release and does not constitute an advertisement of the initial public offering in any country other than New Zealand.