Jane Morgan Management
New Zealand Coastal Seafoods (NZCS) is a New Zealand based, ASX listed, secondary producer of nutraceutical, seafood products and premium marine ingredients.
The Company recently
acquired Kiwi Dreams International Limited (KDI), a leading developer of innovative nutraceutical
products and services including ingredient supply, quality and validation, as well as formulation
and development. Through the development of Nutraceutical projects, NZCS has recognised significant
opportunities in this high growth market, with the global Nutraceutical market estimated at US
$230.9 billion in 2018.
Harnessing the countries reputation for pure, pristine waters and fisheries provenance, NZCS
utilise raw ingredients sourced from New Zealand's finest deep sea fishing companies, employing
a nose-to-tail philosophy to create a range of high-value products.
Today the Company announced that it has recently received delivery of a new milling machine used to
produce the nutraceutical products, including the Company's recently developed Powdered
Collagen Nutraceutical Ling Product, and soon to be developed Mussel Powder, Seaweed
Extracts (Fucoxanthin) and Oyster Powder.
On 28 January, the Company announced that it had completed the development of an NZCS
branded Powdered Collagen Nutraceutical Ling Product and ready to eat product range, with the
new milling machine facilitating bulk production of the collagen powder.
The addition of the milling machine to the Company's recently upgraded and expanded production
and processing facility, coupled with the acquisition of Kiwi Dreams International Limited (KDI),
will allow NZCS to further develop additional nutraceutical products. The KDI Acquisition, which
is due to complete by 31 March 2020, will see KDI Managing Director, Tony Dowd, contract to
NZCS over a 12 month period, for the purposes of developing potential high value products
including; Mussel Powder and Oils, Marine Based Collagens (Ling Maw and Fish Skin), Seaweed
Extracts (Fucoxanthin) and Oyster Powder. The new machinery will play an integral role in Mr
Dowd's development and the subsequent manufacture of these products, and is the final piece
of machinery required to finalise the equipment set up at the Company's newly expanded and
upgraded production and processing facility in Christchurch, which is five times larger than the
previous facility.
NZCS Interim CEO, Andrew Peti,
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