OPAC Secondary School Scholarship
I am pleased to advise you that OPAC is once again offering a scholarship to a worth recipient.
If you are a New Zealand citizen or resident, in your last year of study at an Eastern Bay of Plenty sceondary school and plan to study in any area of the horticulture business at university in 2020, please follow this HYPERLINK to find out how to apply.
Applications close 30 September 2019
Growing Great Fruit, Growing Great Communities and Growing Great People!!!
Reaching out to both the local and international communities to help with:
- Growing Great Fruit
- Growing Great People
- Growing Great Communities
LET IT GROW GARDEN CHALLENGE
OPAC is having a competition to grow, harvest and sell vegetables in order to make money for a chosen community charity. The winner is the team that makes the most money and all funds from each team will go towards the one charity that team has chosen. This is an inter-house challenge between the departments. Orchard vs. Commercial/HR/IT vs. Supply Chain vs. Production.
What do we get out of this?
Other than the satisfaction of being able to grow and produce vegetables as a team and the ability to give away the fruits of our labour to a community group of our choice, the department that wins will also win the coveted Well-being trophy and have bragging rights for an entire year 😊
We will keep you updated on our Vegetables later on in the year.
2018 Bay of Plenty Young Fruit Grower Competition
OPAC is privaleged to be able to provide sponsorship for this event.
Contestants compete in a series of theoretical and practical events designed to test contestant's knowledge and skills in a competitive and fast-paced environment. The final stage of the competition is held at the Gala Dinner and Awards Ceremony where contestants compete in a speech competition in front of the horticulture industry and associated businesses.
Visit the www.bopyoungfruitgrower.co.nz website for further information for to purchace tickets to the gala dinner.
Backpackers Treated to Marae Experience
Backpackers working in Te Kaha were recently treated to a fantastic marae experience organised by local OPAC staff. They were welcomed on to the marae with a tradtional powhiri and learnt about the history of the marae and area before sharing in a delicious meal together. It was a well enjoyed event with smiles all round!
Kiwifruit Industry to Benefit from New Strategic Alliance
19 December 2015
New corporate shareholders for Opotiki Packing and Coolstorage Limited (OPAC) provide the company with a strategic advantage in the growing Eastern Bay of Plenty kiwifruit industry.
Te Tumu Paeroa - the new Māori Trustee, and Quayside Holdings Limited (Quayside) - the investment arm of the Bay of Plenty Regional Council, will each own 10.1% of OPAC following agreement at a shareholders meeting yesterday.
The investment by each is part of an OPAC over-subscribed equity capital raising which totalled $4.85 million.
The combined resources of Te Tumu Paeroa, Quayside, and OPAC will work well together to encourage economic development in the region and create opportunities for landowners and their whānau.
Te Tumu Paeroa Chief Executive Jamie Tuuta said his organisation provided trustee services to owners of about 5,000 hectares of land in the Eastern Bay of Plenty, including several blocks with successful kiwifruit orchards.
“We want to convert other land into high value and high performing kiwifruit ventures. Being part of the wider supply chain provides better opportunities to support that,” Mr Tuuta said. “We value the expertise that OPAC has in orchard development and management and are interested in working with them to provide further opportunities for land development in the region and for young people to be part of this industry,” he said.
Quayside Chief Executive Scott Hamilton said the investment in OPAC provides both positive longterm commercial returns as well as strong regional benefits. “The Regional Growth Study Economic Action Plan identifies horticulture, particularly kiwifruit, as a significant growth opportunity for the Eastern Bay of Plenty. We believe that tangible benefits in this regard can be achieved through working collaboratively with both iwi and industry through our investment in OPAC” he said.
Approximately 80% of kiwifruit produced in New Zealand comes from the Bay of Plenty. Zespri forecasts that fruit volumes will increase by more than a third over the next few years.
For further inquiries contact:
Sarah Ropata, Communications Manager, Te Tumu Paeroa, 021 633 800
Capital Raise for OPAC
8 December 2015
Opotiki Packing and Coolstorage Limited (“OPAC”) announces the execution of agreements which will enable it to complete an over-subscribed equity capital raise
totalling $4.85 million. In addition to strong participation from existing shareholders and suppliers, the capital raise is significant for OPAC in introducing two new strategic shareholders to the business, Quayside Holdings Limited and Te Tumu Paeroa.
The transactions, which are subject only to shareholder approval at a special meeting on 18 December, will see each of Quayside Holdings Limited and Te Tumu Paeroa take 10.1% equity stakes in OPAC, with each party nominating a director for appointment to the OPAC board.
Quayside Holdings is the investment vehicle of the Bay of Plenty Regional Council, whose major investment asset is a majority stake in Port of Tauranga. Te Tumu
Paeroa, the office of The Māori trustee, manages significant Māori land holdings throughout New Zealand and in the OPAC home territory of the Eastern Bay of Plenty.
OPAC is expecting significant growth in kiwifruit processing volume in the next four years from its existing supply base, particularly in the high value Zespri SunGoldTM (G3) Kiwifruit variety. During 2015, OPAC began a capital investment programme which will span several years, installing a new packing line and building new cool storage facilities at its Opotiki site. The equity capital raise supports this investment programme.
OPAC CEO Ian Coventry commented “The OPAC Board is delighted to be able to take the agreements with Quayside and Te Tumu Paeroa to the shareholders for approval. Their interest in investment in OPAC is a significant vote of confidence in OPAC and the kiwifruit industry.”
Ian continued, “The investment also signals confidence in the prospects of both Opotiki and the Eastern Bay of Plenty as an area for horticulture, business
development and employment growth. This is also important to OPAC’s continuing success.”
Subject to the shareholder approvals, the capital raise will be completed in December 2015, providing a strong capital base for OPAC to plan ahead to both the 2016 kiwifruit harvest, and future investment for growth. OPAC was advised through the transaction process by Beale Capital Consultants Limited.
For further information please contact:
Ian Coventry, CEO, OPAC
021 505 708
Opotiki Packing and Coolstorage Limited (“OPAC”) is a post harvest and orcharding business operating in the kiwifruit industry. From its Opotiki head office and single site post harvest facility it provides services to 700 canopy hectares of kiwifruit orchards, processing more that 5.5 million trays of kiwifruit in 2015, predominantly from the Eastern Bay of Plenty and Gisborne regions.
Like the New Zealand kiwifruit industry generally, OPAC is enjoying a period of rapid growth, recovering from the production declines associated with Psa from 2012 to 2014. This recovery is being led by increasing production volumes of the Zespri SunGoldTM (“G3”) variety, which has shown superior tolerance to Psa. Zespri expects a compound annual growth rate for volume in the industry of 6.4% per annum for the five years until the 2019/20 season.
About Quayside Holdings Limited
Quayside Holdings Limited (“Quayside”) is the investment arm of the Bay of Plenty Regional Council established in 1991. It is, via a subsidiary, the majority shareholder of the Port of Tauranga Limited and an issuer of securities on the New Zealand Exchange.
Quayside has a diversified investment portfolio which includes property, shares and Kiwifruit orchards (via its Rangiuru Business Park site). Quayside continues to seek new regional opportunities for investment with which to further diversify its income base.
About Te Tumu Paeroa
Te Tumu Paeroa is an independent, professional trustee organisation providing services to Māori landowners. It works with owners to ensure their whenua (land) is protected, and to build the benefits for the owners now and in the future. Its Chief Executive is The Māori Trustee, Jamie Tuuta.
Te Tumu Paeroa manages:
• 100,000 hectares of Māori land
• 2,000 land blocks
• More than 85,000 owner accounts
• $100 million in client funds
Within the Eastern Bay of Plenty, Te Tumu Paeroa provides trustee services to over
5,000 hectares of land.
Craig Thompson Steps Down as OPAC MD
8 May 2015
Ian Coventry will be appointed OPAC’s chief executive following the decision of managing director Craig Thompson to stand down at the end of August 2015. The announcements were made at Opotiki Packing and Coolstorage Limited’s annual shareholders meeting on Friday 8 May in Ohope. Thompson says it is an ideal time for a change in leadership at OPAC, while he takes the opportunity to focus more time on other interests.
“When I took on the chief executive role 11 years ago, I set myself the goal of forming a team at OPAC that would provide industry-leading results while building strong and enduring links with growers, shareholders and the wider industry,” says Thompson. “While I trust my contribution has helped OPAC achieve its current performance, I know I am leaving OPAC in the secure hands of a very capable management team, and with great pleasure I announce that the OPAC board have appointed Ian Coventry as OPAC’s new chief executive starting 1 September 2015.
“As OPAC’s commercial manager, Ian has already made a major contribution to OPAC’s business and the wider kiwifruit industry. He has a long professional association with OPAC, including managing his own kiwifruit orchard, as well as being a grower representative to NZKGI,” says Thompson.
Coventry says he is looking forward to his new role at OPAC. “OPAC is going through an exciting growth phase as our industry rebuilds production,” he says. “2015 will be our biggest year ever for gold kiwifruit, and we expect the high-value SunGold will be our largest single variety by 2016. This means we will be undertaking large-scale developments at our Factory Road site in Opotiki to meet strong demand for our services from our current grower clients, and from the wider grower community,” says Coventry.
Thompson will continue his association with OPAC in a governance role, remaining a director on the OPAC board, as well as on the boards of OPAC’s associate companies, while also focusing on his own business interests and involvement in wider industry roles.
“I would like to thank and acknowledge the support I have received from both within the OPAC team and across the industry, and I am sure that Ian will receive the same support in his new role as OPAC’s chief executive,” says Thompson.