Tegel exports to fly with new $20m line

John Key, with Tegel ceo Andrew Stevens, presses the start button today

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

A new $20 million production line for Tegel Foods, opened today by Prime Minister John Key, has created 300 jobs.

Tegel chief executive Andrew Stevens says the company invested $20 million on the third processing line at its Henderson plant to make the likes of tempura battered nuggets, take outs and cuisine ranges.

“Export sales of Tegel’s fully-cooked, value-added chicken products have doubled in the past two years and the new line will allow us to meet growth opportunities in Australia, Japan and beyond," he says.

"Three hundred and fifty tonnes of chicken will be processed each week through the plant, with international sales on track to exceed $100 million in the next 12 months.”

Export growth has boosted Tegel's staff numbers to 2000 from 1550 early last year.

Through a series of subsidiaries, the company is 83.5% owned by Singapore-based Claris Investments Pte, which bought into the company last year after Overseas Investment Office approval.

Previous owners include Pacific Equity Partners and HJ Heinz.

Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot


Sym Price Change
USD 0.6630 -0.0040 -0.60%
AUD 0.8938 0.0020 0.22%
EUR 0.6062 0.0024 0.40%
GBP 0.4293 0.0018 0.42%
HKD 5.1410 -0.0293 -0.57%
JPY 81.1900 -0.5690 -0.70%


Commodity Price Change Time
Gold Index 1170.1 4.160 2015-07-06T00:
Oil Brent 57.0 -1.590 2015-07-06T00:
Oil Nymex 52.8 -4.450 2015-07-06T00:
Silver Index 15.7 0.191 2015-07-06T00:


Symbol Open High Last %
NZX 50 5776.6 5816.5 5776.6 0.46%
NASDAQ 4993.8 4994.5 4991.9 -0.38%
DAX 10930.0 10946.9 10890.6 -0.73%
DJI 17684.9 17706.6 17683.6 -0.25%
FTSE 6535.7 6543.8 6535.7 -0.35%
HKSE 25391.8 25439.3 25236.3 -1.03%
NI225 20354.2 20428.0 20112.1 1.31%