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

 


Fisher & Paykel expansion continues

12 March 2014
Media Statement


Fisher & Paykel expansion continues


Fisher & Paykel Appliances’ plans for expansion announced in February last year are continuing to ramp up. Investment over the last 12 months is benefiting the brand both in New Zealand and internationally.

“As we move towards our 80th anniversary, our growth in research and development is continuing to accelerate with 80 new engineering roles already in place in Dunedin and Auckland. We’ll be looking to recruit additional roles to support the continued expansion of our research and development operations in both cities over the next two years, entrenching New Zealand as Fisher & Paykel’s research and development hub.

“To support our growth strategy, we’ve just signed off plans with Haier to redevelop an existing facility on our East Tamaki site to accommodate our growing Auckland based research and development team. This new state-of-the-art facility will contain our product development and industrial design teams and includes a full suite of quality and standards testing laboratories. This purpose built facility underlines our long-term commitment to Research and Development in New Zealand.

“As announced last week, we’re also currently working with Dunedin City Council on plans to expand our Dunedin site. The expanded site would include upgraded facilities to accommodate our growing research and development team in the city. The East Tamaki facility will be up and running by mid-2014, and we expect to firm up a date for Dunedin in the next couple of months,” says Fisher & Paykel Chief Executive Stuart Broadhurst.

2013 has been a momentous year for Fisher & Paykel with the successful roll-out of 70 new products including the first front loader washing machine incorporating SmartDrive technology. The front loader has attracted phenomenal interest, and underpins Fisher & Paykel’s market leadership position in laundry appliances in Australia. Demand for the new award winning OB60 wall oven has exceeded expectations and has attracted huge interest across all markets.

Mr Broadhurst says that new products and product upgrades across, kitchen, laundry and refrigeration will continue to be rolled out in 2014 both in New Zealand and across Fisher & Paykel’s international markets. As a direct result of our increased investment in research and development, consumers can expect to see more new products in the coming years.

“We’ll continue to focus on developing the Fisher & Paykel, Elba and DCS brands in New Zealand, Australia and North America, as well as boosting our presence in the emerging markets of China and India. Design of the new Fisher & Paykel products for these markets will remain firmly entrenched in New Zealand. Plans to celebrate our 80th year will be announced in the near future with a focus on our proud heritage but also our exciting future.

“I recently returned from China, where we signed off our strategic plan with the wider Group. Our relationship has never been stronger and their continued support of the Fisher & Paykel brand enabled us to achieve positive growth last year and we look forward to accelerating that further during 2014.

“Demand within the Haier Group and third party customers for our motor design capability continues to increase and we believe we’re only scratching the surface of what can be achieved in this area. We’re excited about the possibilities for our direct drive motor business over the next few years.

We continue to build momentum and remain focused on securing Fisher & Paykel’s position as the world’s leading premium appliance company.”

-Ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>


Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news