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

 


Haier Reaffirms Commitment to Keeping Fisher & Paykel Kiwi

28 November 2012

MEDIA RELEASE

Haier Reaffirms Commitment to Keeping Fisher & Paykel Appliances Kiwi

Fisher & Paykel Appliances Holdings Limited (Fisher & Paykel Appliances) has been delisted from the NZX. Haier New Zealand Investment Holding Company Ltd (Haier) has reaffirmed its commitment to keeping Fisher & Paykel Appliances Kiwi, even though it is no longer listed on the NZX.

Chairman of Haier New Zealand Investment Holding Company Ltd, and President of Haier White Goods Group, Liang Haishan said Haier recognised Fisher & Paykel Appliances was a unique Kiwi company.

“We think a key part of Fisher & Paykel Appliances success is driven by the culture of the company – things like inventiveness and willingness to take on the world despite its size. There is also a family spirit about the company. These things reflect New Zealand values and we want to retain them,” Mr Haishan said.

He said Haier was very firm in its intentions to supporting the existing business strategy of Fisher & Paykel Appliances, to retaining its CEO and head office in New Zealand, and to retaining the current ratio of New Zealand and Australian independent directors on the company’s board for at least the next two years, and would only change these intentions after consultation with the Fisher & Paykel Appliances board.

“We see these as clear signals of our intentions to grow Fisher & Paykel Appliances as a New Zealand company on the world stage with the backing of Haier. We are very excited by the prospect.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Trade Agreements: TPP Minus US Starting To Gain Ground

The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after the election of president Donald Trump. More>>

ALSO:

PACER:

Prices Up 2.2%: Annual Inflation Highest In Over Five Years

"Rising petrol prices along with the annual rise in cigarette and tobacco tax lifted inflation," prices senior manager Jason Attewell said. "Petrol prices in New Zealand are closely linked to global oil prices, and cigarettes and tobacco taxes rise in the March quarter each year". More>>

ALSO:

Undertaxed? NZ Income Tax Rate Second Lowest Among Developed Nations

New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers. More>>

ALSO:

Cyclone Cook: Round Up Of This Week’s Weather

One of the significant impacts this week was flooding due to excessive rainfall amounts. Rainfall amounts topped out at 350mm over the past 60 hours in parts of northwest Nelson, with 200mm+ measurements recorded about Coromandel Peninsula, and between 150-200mm in the Kaimai Ranges. Rainfall amounts of between 30-50mm were commonplace elsewhere. More>>

ALSO:

Earlier: Batten Down The Hatches For Cyclone Cook

Although fast-moving, Cyclone Cook will be destructive and MetService Expert Meteorologists have issued Severe Wind Warnings for the whole of the North Island apart from Northland... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news