Issue 18 June 2010

Page 1

WAIRARAPA M OANA ISSUE EIGHTEEN: TEKAU MA WARU JUNE 2010

New Zealand Dairy Group Leads the Way in Western Australia At the time the WMI Committee of Management successfully gained shareholders approval to invest in Lactanz. Apart from being innovative and visionary the Committee of Management, after due diligence on the project, was impressed with the level of expertise and experience brought to the project. It was also a way of spreading the country risk with all of WMI’s dairy assets in New Zealand. The scheme was originally viewed with some scepticism by Australian farmers who thought it could never be established but thanks to the vision, leadership, diligence and tenacity of John Young, retired chairman of Kiwi Dairies Ltd, Lactanz is the largest producer of milk in Western Australia that uses existing New Zealand technology and expertise. Currently, four share milking farms have been developed at the cost of $30 million on the Scott River coastal plain. The four farms are part of the company Lactanz, which is a family-based yet corporate-run farming business. This is one of the first investments made with the Spencer whānau, one of New Zealand’s wealthiest families with connections to the historic Caxton Paper group. According to Te Horipo Karaitiana, a director of WMI, Māori should work strategically together with other inter-generational outlook families and high nett worth individuals where Māori values are aligned. He explains that as a development project the Committee of Management made it clear from the outset that dividends would be foregone for some time. However, with developments now completed the focus of

››

CONTINUED OVER ...

Lactanz is a pioneering dairy project in Western Australia working within the original consortium of Wairarapa Moana Incorporation (WMI) and joining up with Mawhera

December 2007 Incorporation from IN THIS ISSUE: the Te Tai Poutini

of the South Island and Paraninihi

p3 Golden Shears 2010 p4 Whaiora Celebrates Opening of Medical Centre p5 2010 Elections p6 Wairarapa Moana Future Leaders Wānanga 2010

ki Waitotara

p8 Wairarapa Moana Exhibition

Incorporation from

p10 Papawai Marae Update

Taranaki.

p9 Wairarapa Moana Farms Update p10 Shareholder/Beneficiary Search p11 Wairarapa in Brief p11 Chief Executive Appointed to FoMA p12 50 Unclaimed Dividends

June 2010

p12 Shareholder Bank Account Details


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.