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CLIENT NEWS: New Tetra Pak office opens at Waikato Innovation Park, Hamilton, NZ

New Tetra Pak office opens at Waikato Innovation Park, Hamilton, NZ

New Zealand Prime Minister, The Rt Hon John Key, today officially opened a new office for Tetra Pak, the world's leading processing and packaging company, at Waikato Innovation Park in Hamilton.

The Prime Minister unveiled a plaque at the purpose-built facility in front of an audience of VIPs and Tetra Pak staff.

The Prime Minister was joined at the ceremony by Her Worship the Mayor of Hamilton, Julie Hardaker, together with Waikato Innovation Park Chairman, Earl Rattray, and Tim High, Tetra Pak Group Executive Vice President for Processing Systems.

Hosting the event, Tetra Pak's Market Area Leader for New Zealand, Chris Morgan, spoke of the company's commitment to the food industry in New Zealand, and the role that its Processing business, in particular, is playing to support the country's dairy sector.

"The current dairy downturn re-emphasises the need for New Zealand's export businesses to hasten their diversification out of commodities into value-added products. Whilst this is well understood by the key players, the time to market needs to be accelerated. Tetra Pak has the portfolio, the people and the required capabilities to support our customers in this endeavour," he said.

Tetra Pak's global turnover in 2015 was €11.9 billion (NZ$20 billion), with a workforce of more than 23,600 employees and sales in around 170 countries. Locally in New Zealand, the company provides employment opportunities to more than 200 people. The company supplies innovative designs, projects and equipment from its Hamilton national headquarters to New Zealand's leading ingredients, food and beverage manufacturers.

Waikato Innovation Park chief executive, Stuart Gordon, said: "Tetra Pak is a perfect match with the DNA of Waikato Innovation Park. We are proud to have a multi-national company that is a world leader in food processing and packaging solutions in the Waikato Innovation Park, forming an important part of the agri-business cluster."

ABOUT WAIKATO INNOVATION PARK

Waikato Innovation Park, which is fully owned by Hamilton City Council, opened in 2004 and is now home to more than 30 export-focused co mpanies employing some 400 people across the site. During the past 11 years, the Park has benefitted from almost NZ$11 million in government funding, recognising the contribution being made to economic development through its support to business growth in the export value chain.

FoodWaikato, a subsidiary company of the Waikato Innovation Park, operates a high quality spray drying plant at the Park, which is available to New Zealand food producers and product developers. The NZ$20 million facility, which was built by Tetra Pak and partially funded with a NZ$3 million equity injection from Callaghan Innovation, is playing a key role in enabling companies to take innovative products to the export market.

More information about Waikato Innovation Park is available at www.wipltd.co.nz

ABOUT TETRA PAK

Tetra Pak is the world's leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 170 countries around the world. With almost 23,600 employees based in over 85 countries, we believe in responsible industry leadership and a sustainable approach to business. Our motto, "PROTECTS WHAT'S GOOD™," reflects our vision to make food safe and available, everywhere.

More information about Tetra Pak is available at www.tetrapak.com