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

 


New report reveals new insights for NZ manufacturing

Media release

25 February 2014

New report reveals new insights for New Zealand manufacturing

A new report being launched on 26 February reveals common traits of New Zealand’s most successful manufacturers, how important the manufacturing sector is to our economy and how it measures up internationally.

Independent researchers Castalia, who compiled the report on behalf of ManufacturingNZ (a division of BusinessNZ), interviewed some of New Zealand’s most successful high growth manufacturing firms to see if their lessons and experience can be applied to the whole of manufacturing.

These firms provided an insightful picture of modern manufacturing – including factors such as family/private ownership, market knowledge, niche domination, being export orientated and going beyond just producing goods.

The report makes recommendations to Government on what policy would best support a vibrant and thriving manufacturing sector.

The Hon Steven Joyce, Minister for Economic Development, will be attending the launch and giving his response to the report’s findings.

Catherine Beard, Executive Director of ManufacturingNZ, says “The case studies in this report reveal common factors which make New Zealand manufacturers competitive. Talent-driven innovation is a key driver of competitiveness. Addressing the skills shortage was also raised when firms were asked for the top public policy issues they would raise with the Government. It is fitting that AUT Business School is hosting the launch of this report.”

Alex Sundakov, Chief Executive of Castalia, says “The manufacturing sector remains a key part of New Zealand’s economic future. It is the largest contributor to the New Zealand economy, and is holding ground compared to other OECD countries. This study revealed how the changing nature of business requires a modern interpretation of manufacturing. This includes successful manufacturers reshaping their businesses by providing services.”

The report is being launched on 26 February at 4:30pm at AUT City Campus, 42 Wakefield Street – Room WG 308, Te Iringa Room, Sir Paul Reeves Building, Mezzanine.

CastaliaReport_loRes.pdf

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news