Company Overview
LIC is a prominent player in the dairy industry, specializing in herd improvement by offering innovative tools designed to enhance animal performance. The company significantly contributes to advancing the productivity and efficiency of dairy herds, thereby playing a crucial role in the dairy sector.
Location
The specific location of LIC is not detailed in the provided data. Nevertheless, as a significant entity in the dairy industry, LIC operates across multiple locations to effectively serve various stakeholders.
Important Events
LIC's collaboration with Fonterra's funding initiative marks a notable event. This partnership aims to leverage LIC's expertise in herd improvement tools to enhance the overall performance and sustainability of dairy production. Such collaborations are vital in driving innovation and ensuring the dairy industry's competitiveness globally.
Company Plans
While specific future plans for LIC are not explicitly detailed, the partnership with Fonterra implies a strategic focus on innovation and development in herd performance tools. This direction suggests that LIC is poised to continue its growth trajectory by expanding its technological offerings and strengthening industry partnerships.
Recent Developments
LIC reports an 18% increase in beef straws used this spring. Paul Charteris, LIC's beef genetics product lead, highlighted this trend during a field day at Pāmu's Eweburn Station near Te Anau. LIC is investing in dairy beef genetics with programs like Kiwi Prime and Synergizer.
Modified: 2025/11/27