Martin Jetpack reviews ASX listing as Chinese investor commi

Article – BusinessDesk

Dec. 19 (BusinessDesk) – New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public offering on the Australian Stock Exchange to commercialise its single person … Read more »

New building for Tetra Pak at Waikato Innovation Park

Press Release – Waikato Innovation Park

Waikato Innovation Park has signed an agreement with existing tenant, Tetra Pak, to construct a custom-built national headquarters on its Hamilton East campus. The new building will be the fourth constructed on the Parks campus since it opened … Read more »

Infant formula body applauds new export labelling standard

Press Release – Infant Nutrition Council

The Infant Nutrition Council applauds the implementation of a new standard for the labelling of infant formula exports from New Zealand, says Chief Executive Jan Carey. Read more »

Steel & Tube mulls position on Lewis Holdings judgment

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Steel & Tube Holdings is considering its legal position after an interim judgment found in favour of Lewis Holdings’ $1.75 million claim over a disputed lease contract. Read more »

A new standard for labelling of export infant formula

Press Release – Ministry For Primary Industries

The Ministry for Primary Industries (MPI) has today issued a new standard to clarify the labelling requirements for exports of infant formula. Read more »

New labelling standard for infant formula

Press Release – New Zealand Government

Food Safety Minister Jo Goodhew has today welcomed a new standard under the Animal Products Act that clarifies the labelling requirements for infant formula exports. Read more »

Strong sales for sections in Central Otago technology park

Press Release – Harcourts

Cromwell will soon have a vibrant innovation and technology park with more than 20 of 42 available sections on the Highlands Motorsport Park site already sold. Harcourts is the exclusive agent for the project. Read more »

Reserve Bank: Brighter Money Update

Press Release – Reserve Bank

The Reserve Bank has today released a Bulletin article explaining how it chose the designs for the next series of New Zealand banknotes. The article takes readers through the design process, including the often intricate challenges of ensuring that the … Read more »

IkeGPS’s COO Paul Brewerton resigns, no replacement sought

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Paul Brewerton, chief operating officer of ikeGPS Group, has left the remote measuring devices and software company and will not be replaced. Read more »

Dairy Price Lift, Need for Fonterra to Deliver Value-Add

Press Release – New Zealand First Party

While the 2.4 percent rise in GlobalDairyTrade, the biggest increase since 3 December 2013, is good news for New Zealands embattled dairy farmers at Christmas time, what they really need is for Fonterra to deliver on the value-add promise made at … Read more »

Turning up the heat on working conditions

Press Release – New Zealand Labour Party

A Jobs That Count campaign has the full support of Labour, the partys Labour Relations spokesperson Iain Lees-Galloway says. Read more »

Comvita shortfall bookbuild priced at 7% premium

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Comvita, the Te Puke-based maker of health products based on manuka honey, raised $24.4 million as strong demand in the yesterday’s shortfall bookbuild saw investors pay a 7 percent premium to the rights issue. Read more »

Origin Earth produces Hawke’s Bay’s own Chocolate Milk

Press Release – Origin Earth

Origin Earths Chocolate Milk combines the popular Hawkes Bay sourced Origin Earth cows milk with organic and fair trade chocolate and cocoa powder from Hawkes Bay chocolatier La Petite Chocolat, then adds a dash of Hawkes Bay honey and a … Read more »

Leading farm automation businesses to merge

Press Release – LIC

LIC is merging its farm automation and milking sensor businesses to deliver more integrated technology and meet demand from farmers. Read more »

Aotearoa Fisheries back in black on profitable Sealord

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Aotearoa Fisheries, which manages more than $530 million of fisheries assets for its iwi shareholders, returned to profit in the 2014 financial year after its major investment, Sealord group, was back in black after exiting its … Read more »

Flawed Corporate Culture Undermines Food Safety

Press Release – GE Free NZ

The Government inquiry into the Fonterra/AgResearch botulism scare is a damning indictment of corporate culture in relation to food safety. The internal culture and ill-preparedness of both organisations has led to customer mistrust and significant economic harm … Read more »

UniServices spins out firm to commercialise surface coatings

Article – BusinessDesk

Dec. 12 (BusinessDesk) – University of Aucklands commercial arm, UniServices, is launching a patented platform technology for hi-tech manufacturing that provides an alternative to current environmentally-unfriendly coatings, and the spun-out firm … Read more »

NZ manufacturing activity slows from 15-month high

Article – BusinessDesk

Dec. 12 (BusinessDesk) – New Zealand manufacturing activity eased from a 15-month high in November, while remaining in expansion for the 26th consecutive month, as production and new orders declined in the month. Read more »

Rakon sells UK property, shifts more manufacturing to NZ

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Rakon, the high-tech components manufacturer, has sold its Lincoln, UK plant for 900,000 British pounds, most of which will go into repaying debt, as part of a plan to send more manufacturing work back to New Zealand. Read more »

High Court turns down Kuwait Finance claim over Canterbury

Article – BusinessDesk

Dec. 11 (BusinessDesk) – The High Court in Nelson has turned down a US$3.4 million claim by Islamic investment firm Kuwait Finance House against a fellow investor in the failed Christchurch clothing manufacturer Canterbury. Read more »

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