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

 

Ericsson to Provide a Welcome Boost to Economy

21 February 2013

Ericsson to Provide a Welcome Boost to Economy

The announcement that Swedish telecommunications equipment and services company Ericsson is to open a cable ducting factory in Porirua is tremendous news for the Wellington region, says Business Central Chief Executive Raewyn Bleakley.

“The $15 million investment in the manufacturing plant at Todd Park and the 30 local jobs that will bring will be a big boost to the local economy and is a reflection of the region’s ability to attract new and exciting businesses.

“New Zealand, and Wellington in particular, has a first-class reputation for being business friendly, and this is further proof of that.

“Companies such as Ericsson don’t put factories just anywhere.

“And even though this factory will produce ducting for the rollout of the ultrafast broadband and rural broadband networks up till 2019, Ericsson says that once that is completed it could be used to export ducting to Australia and Asia-Pacific. So they look like being a long-term fixture on the business scene.

“This is a big-time player. More than 1,000 telephone networks in more than 180 countries use their network equipment, and more than 40 per cent of the world's mobile traffic passes through their networks.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

'Irregular Accounting': Voluntary Suspension Of Fuji Xerox Govt Contracting

This suspension gives the Ministry of Business, Innovation, and Employment time to understand the full implications of the report from FUJIFILM Holdings into irregular accounting practices at FXNZ. More>>

ALSO:

MPI: Cow Disease Detected In NZ For First Time

MPI is responding to the detection of the cattle disease Mycoplasma bovis in a dairy herd in South Canterbury... The disease is commonly found in cattle globally, including in Australia, but it’s the first detection of it in New Zealand. More>>

South Island Flooding: Focus Moves To Recovery

As water recedes throughout flood-impacted areas of the South Island, Minister of Civil Defence Nathan Guy has praised the efforts of those who were involved in the response to the flooding... More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO: