Skellerup buys new mixer line ahead of agri division move

ERJ staff report (DS)

Wellington, New Zealand - Skellerup holdings has published its annual report for 2012. In a speech to shareholders, chairman Selwyn Cushing said the company is in rude health.

Cushing said that in preparation for moving its agricultural division to new premesis away from the earthquake zone, the company has, “just recently purchased a new state of the art rubber mixing plant and capital has also been allocated for the manufacture of additional moulding machines to ensure that the business operation can relocate without interrupting the supply of finished products to customers.”

He said the project will take around two years.

In its annual report the company said revenues increased by 7 percent to NZ$207.3 million (euro 132 million) from NZ$ 193.6 million. Profit (EBIT) increased to NZ$ 36.6 millino from NZ$32.2 million.

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Chairman's speech from Skellerup

annual report from Skellerup