29th February 2024 T&G / T&G Global
The produce business says its $64m loss reflects both Cyclone Gabrielle’s impacts and tougher economic conditions.
The apple exporter’s full-year loss is going to be far worse than previously expected, now that it has got to the bottom of a “complex” Cyclone Gabrielle insurance claim.
The first commercially produced Chinese Envy apples will be sold in China this month.
The fresh produce grower and distributor said the modern temperature-controlled facility, formerly a distribution centre, has had extensive improvements made over the past few months to enhance its functionality.
The first commercial planting of T&G Global’s newest global premium apple variety, Joli, has begun at one of the group’s Hawke’s Bay orchards.
But the company says the long-term outlook for fresh produce remains positive.
The variety, described as a productive, large, full-flavoured, bright red juicy apple with high yield, is expected to be available to consumers from 2028.
The company commissions phase one of its $100m Hawke’s Bay packhouse – one of the largest apple packhouses in the Southern Hemisphere.
A write-down required following an assessment of Cyclone Gabrielle damage will push the apple exporter to its second annual loss running.
T&G Global said a new record has been set for the sale of Envy apples over China’s Mid-Autumn Festival.
T&G Fresh has added the Afourer mandarin to its citrus range, opening a new harvest window that runs from September to December.
The global fresh produce company’s main apples business had a challenging H1, while its emerging blueberry category prepped for a push over grapes.
Strong demand for the variety overseas puts it on track to be a billion-dollar brand by 2027, says T&G.
The finance will see the grower decarbonise its transport and glasshouses, as well as energy, to meet the loan’s sustainability targets.
The first of T&G Global’s Envy apples are departing Hawke’s Bay for Asia this week.
Satsuma mandarins have arrived in stores this week two weeks earlier than previous years thanks to this season’s great growing conditions, says T&G Fresh.
The first of this season’s T&G jazz apples are en route to Europe from Port Nelson.
The produce grower and exporter suffers from a tight labour market, poor weather, and supply chain disruptions.
Listed apple company T&G has started harvesting this season’s fruit, expecting to pick more than 6.5m tray carton equivalents this year – or roughly 120,000,000 kgs of apples.
T&G Global says its group profit for the 2021 financial year is now forecast to be between $12.5m – $14.5m, up from its October guidance of $4m – $10m.
T&G Global and Zespri are partnering with Plant & Food Research to develop regenerative horticulture practices within the kiwifruit, apple and berry industries.
T&G Global has launched a new campaign to showcase its premium Jazz apple as the ‘hero of Halloween’.
T&G Global and Lincoln University are joining forces to offer students a hands-on learning experience and pathway into employment in the horticulture industry.
T&G Global has launched an integrated marketing campaign in key Asian markets to encourage consumers to celebrate full moon festivities with Envy apples as mid-autumn festivities approach.
T&G Global has launched the first global marketing campaign for its Jazz apple brand following a recent brand refresh.
The produce giant’s new business has launched with two initial partnerships.
Summer storms, supply chain disruption and labour shortages all weigh on first half performance.
The positions were needed to help meet global demand for the grower’s apples.
International fresh produce company T&G Global’s majority shareholder, German multinational conglomerate BayWa AG, has transferred its shares to BayWa Global Produce GmbH.
T&G Fresh is expecting to harvest around 500 tonnes of navel oranges over the next three weeks, after harvest started early this season.
T&G Global’s outgoing chairman, Professor Klaus Josef Lutz, said the fresh produce company is “primed to harness opportunities into the future” following a strategic programme of work carried out over his nine-year tenure.
The new blueberry varieties will be able to be grown year round in Australia.
The producer is utilising the technology to train Hawke’s Bay locals to fill roles across its orchards, packhouses and cool stores.
T&G Global has shipped its first lot of new season JAZZ apples to global markets.
T&G Global is using eight new automated picking platforms this apple season to help improve productivity and safety.
Fine weather will bring an earlier harvest than usual for the feijoa sector.
Fairgrow aims to help get fresh products to Kiwis in need in the wake of Covid-19.
Sale and leaseback of Nayland site will see fresh produce giant plough $50m of firepower into its growth strategy.
A date has been set by the group, in an NZX announcement made on Thursday.
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