3 Dec 2009

Joint venture profitable, says Scott Technology

7:22 am on 3 December 2009

Listed engineering company Scott Technology says its joint venture with meat processor Silver Fern Farms is finally profitable.

Speaking at the company's annual meeting, Scott Technology managing director Chris Hopkins said he expected strong growth from the research and development partnership, Robotic Technologies, over the next five years.

Robotic Technologies was created to to try to streamline the meat processing operation using robotics and scanning equipment.

Meanwhile, Scott Technology says business is starting to pick up, with the company bidding, or in early discussions with customers, for projects worth more than $40 million.