Ngati Ranginui Iwi Fisheries Holding Company
The Ngati Ranginui Iwi Fisheries Holding Company is 100 percent owned by the Ngati Ranginui Iwi Fisheries Trust. The Holding Company was set up to manage the fisheries assets of the Trust and to look at investment opportunities to develop and grow the assets. Patrick Nicholas is the Governing Director of the Holding Company. Patrick has a Master’s in Business Administration with over 20 years of Director experience.
Holding Company Director Profile
The Ngati Ranginui Iwi Fisheries Holding Company is 100 percent owned by the Ngati Ranginui Iwi Fisheries Trust. The Holding Company was set up to manage the fisheries assets of the Trust and to look at investment opportunities to develop and grow the assets. Patrick Nicholas is the Governing Director of the Holding Company. Patrick has a Master’s in Business Administration with over 20 years of Director experience.
Patrick Nicholas |
Patrick sees the biggest challenge facing the industry is the commodity nature of wild catch fishing, our distance from the market and the inability to differentiate our catch from other countries. Ngati Ranginui Fisheries Holding Company Limited has three income streams at present. Income was made up of 74% from leasing fishing quota, 21% from AFL (Aotearoa Fishing Ltd) Dividends and 5% from interest for the year ending 30 June 30th 2011. Aquaculture is a growth area. Ngati Ranginui Fisheries Holding Company Limited is also looking at investing in emerging growth industries and to reduce its exposure in the long term to the fishing industry to 50%.
Geoduck aquaculture is an emerging growth industry and Ngati Ranginui Fisheries Holding Company Limited is leading the charge. Geoduck is a high value, low cost to produce seafood and easy to grow in Tauranga Harbour as it is buried into the sand and does not need structures like buoys and ropes.
One of Tauranga’s emerging growth industries is the use of Titanium. Titanium has the highest strength to weight ratio of any metal. Titanium metal is: a light metal, corrosion resistant, high fracture toughness, non-magnetic property and non-toxicity, biocompatible and one of the most abundant elements in the earth's crust.
Demand for titanium products has greatly increased over recent years, with consumer demand in laptops, mobile phones and sporting goods. Additionally, the Aerospace, Medical and Automotive industries currently use titanium to provide leading edge advances in complex parts and products.
Computer-aided design (CAD) and Computer-aided manufacturing (CAM) and the gaining of patents IP and designs have been identify as having major growth potential. Ngati Ranginui Fisheries Holding Company Limited will investigate investment opportunities. There is a bright and exciting future ahead for the company.
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