No more govt sweeteners to keep Tiwai Point open, Key says

Article – BusinessDesk

July 20 (BusinessDesk) – The foreign owners of the Tiwai Point aluminium smelter have had discussions with Finance Minister Bill English about further sweeteners to keep the New Zealand’s most energy-intensive industrial plant open and been told … Read more »

Best NZ engineering projects to be recognised

Press Release – Make Lemonade

Best NZ engineering projects to be recognised at 50th annual awards The Warkworth motorway, the Esk hydro power project near Napier and the Hagley Oval pavilion in Christchurch are among 28 major engineering projects vying for recognition at the … Read more »

UPDATE: A2 shares fall as investors weigh up funding needs

Article – BusinessDesk

July 20 (BusinessDesk) – A2 Milk Co shares fell to a three-week low as investors weighed up the company’s funding needs after the board turned down a potential offer from cornerstone shareholder Freedom Foods Group and US food and beverage firm Dean … Read more »

A2 says FY earnings flat, sees growth in 2016

Article – BusinessDesk

July 20 (BusinessDesk) – A2 Milk Co, which markets milk with a protein variant said to have health benefits, says annual earnings were flat and are set to triple in 2016 with sales expected to rise faster than forecast. Separately, the company has … Read more »

Commission reconvenes conference

Press Release – Commerce Commission

Commission reconvenes conference and calls for final submissions on wool scouring authorisation The Commerce Commission is to reconvene its conference and seek final submissions on Cavalier Wool Holding Limiteds application for authorisation to … Read more »

Packaging Forum launches new initiative

Press Release – The Packaging Forum

A new initiative to introduce recycling bins so that shoppers can take back their used soft plastic bags to supermarkets and retail premises was announced today by The Packaging Forum. Read more »

UPDATE: Steel & Tube buys fastener distributor MSL for $32m

Article – BusinessDesk

July 17 (BusinessDesk) – Steel & Tube Holdings rose after the country’s biggest steel distribution company said it’s agreed to buy fastener distributor Manufacturing Suppliers for $32 million in a cash and scrip deal. Read more »

Steel & Tube buys fastener manufacturer MSL for $32 mln

Article – BusinessDesk

July 17 (BusinessDesk) – Steel & Tube Holdings, the country’s biggest steel distribution company, has agreed to buy fastener maker Manufacturing Suppliers for $32 million in a cash and scrip deal. Read more »

Cavalier shares rise on investor optimism over new board

Article – BusinessDesk

July 16 (BusinessDesk) – Shares in Cavalier Corp are the biggest gainer on the S&P NZX Capital Index today on investor optimism changes in the governance of the carpet maker may be able to turn around its poor performance. Read more »

Keep the interest rate cuts coming – 16 July

Press Release – NZMEA

Todays inflation release by Statistics New Zealand showed a Consumer Price Index (CPI) increase of 0.3% annually and 0.4% on last quarter; inflation continues to come in at well below the Reserve Bank of New Zealands (RBNZ) target band of 1% … Read more »

NZ manufacturing activity up in June

Article – BusinessDesk

July 16 (BusinessDesk) – New Zealand manufacturing activity increased in June, snapping three months of decline, as a weaker dollar supported exporters in the sector. Read more »

Toyota Recalls Prius v Hybrid Vehicles

Press Release – Toyota New Zealand

Toyota New Zealand is recalling a number of Prius v Hybrid vehicles for a possible fault with the current software settings. The recall is a small part of a worldwide recall with only 177 of the impacted vehicles in New Zealand. The recall is due to … Read more »

Croxley Recycling inks deal with Ricoh

Press Release – Croxley

Ink and toner recycler Croxley Recyclings expansion into e-waste has been boosted by a significant agreement with Ricoh New Zealand. Read more »

Methven’s new strategy sets $130M revenue target for 2018

Article – BusinessDesk

July 14 (BusinessDesk) – Methven, the NZX-listed tap and shower manufacturer, has set a target of raising annual revenue from $96 million to $130 million by 2018 under a three-year strategic plan released at its annual general meeting in Auckland today. Read more »

Methven Outlines Plans for Future Growth

Press Release – Methven

New Zealands leading shower and tapware designer Methven held its Annual Shareholder Meeting this morning in Auckland. Chairman Phil Lough told shareholders that Methven had experienced positive earnings growth throughout the year and had made significant … Read more »

Cadbury Carnival Jaffas Are Ready to Roll

Press Release – Cadbury Confectionery

Cadbury is sending tens of thousands of Jaffas down Baldwin Street again this year at the infamous Cadbury Jaffa Race; the curtain call of the week-long Dunedin Cadbury Chocolate Carnival running from 11 17 July. Read more »

Engineers Require De-Icing at Waikato Network Evening

Press Release – Maintenance Engineering Society of New Zealand

A hardy group of attendees braved a bracingly cold Waikato evening in June to find out how maintenance operates in the aviation industry with a MESNZ Network Evening at Aeromotive in Hamilton. Read more »

New Emission Targets Achievable

Press Release – Employers And Manufacturers Federation

New Emission Targets Achievable New emission trading targets are a realistic goal for New Zealand business, says the Employers and Manufacturers Association (EMA). However, it warns that New Zealand must continue to show willing to play its part … Read more »

Mercer’s annual earnings fall after missing sales targets

Article – BusinessDesk

July 9 (BusinessDesk) – Mercer Group annual earnings fell after the stainless steel fabricator and manufacturer sold less of its Titan 500 slicers than it expected. Read more »

Carbon recycler LanzaTech narrows loss to $34.7M

Article – BusinessDesk

July 8 (BusinessDesk) – LanzaTech New Zealand, the NZ-founded carbon recycling company, narrowed its annual loss as the company shifts into commercialisation from its previous development phase. Read more »

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