Scott Technology business award finalist

Listed Dunedin-based Scott Technology is one of 25 finalists announced in the 2010 New Zealand International Business Awards.

Developed by New Zealand Trade and Enterprise (NZTE) in partnership with the private sector, the awards recognise New Zealand business success around the world.

Scott Technology, alongside Metalform in Dannevirke and Simcro in Hamilton, is in the category of Best Use of Research and Development in International Business.

The winners will be announced in Auckland on October 13.

Scott Technology has three divisions: its joint venture meat robotics project with Silver Fern Farms in Dunedin; its mainstay assembly-line manufacturing in Christchurch; and Rocklabs in Auckland, which has been manufacturing sample processing machines for the mining industry for 40 years.

NZTE chief executive Peter Chrisp said the finalists were some of New Zealand's "most innovative, nimble and determined exporters".

"The past two years have been challenging. But the mix of finalists shows that flexible approaches and an ability to seek out niche opportunities can bring rewards, even in tough times," he said in a statement yesterday.

Scott Technology, which has many long-term contracts in United States dollars, posted a string of losses during the recession.

However, in the past two years the group had returned after-tax profits of $390,000 and $973,000 respectively.

Its full-year report is due shortly.

 

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