Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


New Zealand company investment celebrated

27 May 2004

New Zealand company investment celebrated

New Zealand Steel is one of New Zealand's top companies and it's very pleasing to see them making strong investment decisions, Jim Anderton, Minister for Economic Development said today.

Mr Anderton visited New Zealand Steel in Glenbrook today and encouraged other big companies to make similar capital investments to boost productivity and build up the potential of New Zealand's top companies.

"New Zealand Steel's recent $15 million investment in the Glenbrook Steel plant is a good example of the kind of investment our top companies need to compete at the top of their global markets. This is the sort of investment that the country needs to underpin ongoing high quality job opportunities for Kiwis.

"Adding to the country's capital stock, just as New Zealand Steel have been doing, will contribute to creating quality jobs and increasing productivity. They expect to increase their capacity by more than 10 per cent and have also started training staff in the new process equipment.

"Capital investment and upskilling staff are two of the most important things companies can do to contribute to economic growth in New Zealand. I celebrate that with them and wish New Zealand Steel all the best with their new plans.

"Investment in industry is absolutely vital if we are going to continue to raise New Zealand’s income and New Zealanders' job and life opportunities in their own country," Mr Anderton said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election