Originally Posted by
percy
Welcome aboard.
The next piece of news will most probably be the interim report in September.
In your reading you will have noted they talked about the extraction plant [s].
The original extraction plant was to be used for Krill Oil,Green Lip Mussell oil,and then for Blackcurrants.
However the demand from the oversesa client for Krill Oil meant the plant had to be used full time.
The new extraction plant was brought forward and is about to begin commissioning testing.Blackcurrants were brought and frozen awaiting for the new plant.
Basically the capital expenditure had to be spent at once.This could not be done, without this being done ,which could not be done until the other thing was done,and the other thing was being held up by ChCh City Council consents delays.
So we had one small part of the business [bone grinding] trying to support freeze drying and extraction plant capital expenditure.
Next year 2020 will most probably be PAZ's first full year when the three sections ,grinding,freeze drying and extraction are fully operational.
You will have noted in your reading PAZ referring to the words provenance,and traceability."Where it was manufactured,and grown".
PAZ will not "manufacuctured in NZ using imported ingredients",but "manufactured in NZ using NZ grown ingredients."
As they point out "While the issue is a global one,it is fast developing economies such as China,where it is of greatest focus."
Therefore the new products such as AiOra are being developed for the Chinese market.They will be avaliable in NZ as the Chinese like to buy the same products as NZders.
So now PAZ have their production organised,they can concentrate on developing new products, using their new equipment,and on sales.