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

 


Historic Caterpillar tractors to remain in New Zealand

February 11, 2013

Historic Caterpillar tractors to remain in New Zealand

A collection of 36 rare and historic Caterpillar tractors will stay in New Zealand – thanks to Ben Gough, executive director of Gough Group and his sister, Gina Satterthwaite.

The Canterbury-based brother and sister have secured a deal which will see the machines and associated equipment remain here following the sale in Rotorua of the privately-owned New Zealand Caterpillar Experience.

The Experience has operated for the last seven years, and is well known world-wide as a unique collection of rare machines.

“When the owner, Lindsay Willis, contacted us to see if we were interested in buying the collection, it was too good an opportunity to pass up,” said Ben Gough.

“The collection is uniquely Kiwi, and reflects the contribution the Caterpillar brand and the Gough Group has made to the development of New Zealand infrastructure and farming.”

The unique legacy of the collection was also a key element in the decision for Gina.

“The history of the machines is also the history of our family, so retaining it in New Zealand, rather than losing it overseas, was an easy decision for us,” she said.

All the machines in the collection were sold or serviced by the Gough Group, and several of them are extremely rare, with only a handful of machines worldwide, including a 1928 Auto Patrol, one of only two known examples in the world, and a Speeder from 1937.

Initially the collection will be moved to a private location for storage while designs are developed for its new long term home. Planning has not yet begun but the intention is to have the historic machines on public view again at some stage in the future.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news