Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Patience & Nicholson celebrates 50 years of business

Patience & Nicholson celebrates 50 years of Canterbury business

A proud Canterbury manufacturer is going from strength to strength and celebrates 50 years of success this month, amid trying times for the sector*.

Kaiapoi drilling manufacturer Patience & Nicholson, which employs a 120-strong local workforce, first opened its factory in November 1962, with the aim to manufacture a small range of jobber drills for the New Zealand market.

Half a century later the plant produces more than 60,000 drill bits every day and its brands Evacut, P&N and Sutton are market leaders in the New Zealand, Australia, South Pacific and several South East Asian markets.

General manager Kevin Donovan says significant growth has occurred since 1994, when it was purchased by Australian Sutton Tools, one of the largest family-owned tool-cutting companies in the world.

The heavy investment that came with the acquisition allowed the New Zealand business to transform into a modern, efficient facility which was able to in turn acquire its own import company in 2000.

Mr Donovan says the company has had to overcome its fair share of adversity over the years, with several ownership changes, margin reduction, the introduction of a new brand and various recessionary periods.

“Despite difficult market conditions the company’s future looks bright, with brand development, new concept machines and environmentally friendly oil recovery presses all on the horizon,” he says.

Plans for a modern, new plant are also being considered- although the building sustained only superficial damage in the Christchurch earthquake, bringing it back up to building standards will cost more than $400,000.

Mr Donovan says the way staff, and members of the company’s own engineering team were able to react quickly and get strengthening work done within days, almost certainly saved the factory from closure altogether.

“It has been an unsettling time for staff, the “can do, will do” culture has been a credit to them all, many of whom are still dealing with the stresses of personal and family life disruptions.”

Mr Donovan says reaching the 50 year milestone is a great achievement for any business.

More than 100 ex-employees joined current staff, owners and directors at the company’s 50th anniversary celebrations on November 15 at the Kaiapoi Club.

The celebration also marks an important milestone for one of the company’s employees, Neville Wyatt, who joined as an apprentice before the factory opened in 1962 and celebrated 50 years of service in August.

Mr Donovan says Neville is testament to the value the company places on staff skills training and development.

“Developing and retaining our staff is a very important part of our success and we’re proud to say our average length of service is more than 13 years.”

- Ends -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Restrictions Lifted: No Further Tau Flies Found

The Ministry for Primary Industries (MPI) confirms that all restrictions on the movement of fruit and vegetables in Manurewa, Auckland, due to the Tau fly, have been lifted as of 2.26pm on Sunday 7 February. More>>

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news