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Manufacturing news
‘Not economic to pursue’: Major debts abandoned in East Imperial liquidation
Liquidators abandoned recovery from two overseas debtors in Europe and the Caribbean.
Government-backed export initiative signed to grow Kiwi food exports
Agriculture is NZ’s largest export industry, accounting for almost half of all goods.
Ten most valuable deals by foreigners trading NZ assets in latest year
Value of deals in 2024 was less than half the value of those the previous year.
Legislation, losers and lessons: Andrew Bayly’s 2024
Minister Andrew Bayly sat down with Tom Raynel to discuss his 2024, and what comes next.
ProLink calls in liquidator, 190 laid off a week before Christmas
'This is just so sad, just before Christmas' - liquidator Pritesh Patel on ProLink NZ.
Zuru Group's Mowbray siblings win Visionary Leaders Award
How Zuru’s automation is changing the toy and building industries.
'Plant was too small' - pre-cast concrete manufacturer ups production 50%
Father emigrated to New Zealand with $10 in his pocket then founded a growing business.
Tupperware files for bankruptcy as sales slump
The brand has seen sales fall as consumer behaviors change and competition increases.
$3.6m liabilities: PwC report on Sportcraft boating businesses
Staff, Inland Revenue and many others are listed as being owed money by the two companies.
He created a $660m company in his garage: Sistema richlister on standing firm with a famous name to retain ‘Made in NZ’
'I don’t care if it’s Martha Stewart or the bloody Pope. I’m not taking [Made in NZ] off.'
Top defence contractors set to rake in record cash after orders soar
Financial Times: Growing cash flows spark debate about how industry will spend billions.
Power price spike a threat to provincial economy, energy users' group says
Multiple mills have had to go offline in the last week due to high power prices.
Rising energy costs could force closure of Oji Fibre Solutions recycling plant
'Crazy outcome' could follow as high power prices blamed for plant's possible closure.
Major energy users grapple with very high power prices
Some major energy users say ruinous prices are making them lose faith in the Government.
World’s biggest lithium producer urges state help to compete with China
Financial Times: US producer cuts expansion plans in struggle over key mineral for EVs.
Warren Buffett’s Berkshire Hathaway halves stake in Apple
Financial Times: Cash holdings hit record high as billionaire dumps $127b of stocks.
Warren Buffett’s Berkshire Hathaway halves stake in Apple
Financial Times: Cash holdings hit record high as billionaire dumps $127b of stocks.
ANZ reverses house price forecast, expects 1% fall
Three aspects of house prices and interest rates have been revised in new research.
Tesla misses profit estimates as Elon Musk delays ‘robotaxi’ launch
Financial Times: Shares fall despite CEO’s claim about ‘autonomous fleet’.