ANZCO performs well despite covid

Farmers Weekly

June 4, 2021

Meat processor and exporter ANZCO Foods lifted after-tax profit by 30% to $28.2 million in the 2020 financial and calendar year, despite turnover falling 10% to $1.53 billion.

A man wearing a blue suit and white shirt leans against a leafy wooden wall structure in an office foyer. — Adverse weather events, global volatility, and an uncertain economic outlook are just some of the issues facing Anzco Foods this year, says chief executive Peter Conley.

Adverse weather events, global volatility, and an uncertain economic outlook are just some of the issues facing Anzco Foods this year, says chief executive Peter Conley.

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Chief executive Peter Conley says the result was particularly pleasing given the challenges ANZCO faced in 2020, alongside other New Zealand exporters and supply chain partners.

Management of the company through covid-19 lockdowns and safe working distances, plus government wage subsidies, enabled ANZCO to retain the skills of its nearly 3000 employees.

Conley says as foodservice channels closed, sales moved more to retail and online, and ANZCO recorded significant gains in the home market, Japan, North America, China, the United Kingdom and Europe.

Chair Kazuhiko Misonou says majority shareholder Itoham Yonekyu Holdings was very supportive of ANZCO’s overall direction and performance.

ANZCO performs well despite covid

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