Today we have learnt of the sale of Sistema Plastics to US multinational Newell Brands, in addition to the recent sale of Compac Sorting Equipment, another highly successful New Zealand manufacturing company, to Norwegian company TOMRA in October, say the New Zealand Manufacturers and Exporters Association (NZMEA). NZMEA Chief Executive Dieter Adam says, “These sales, alongside the recent announcement of the closure of the General Cable plant in Christchurch, may well leave some wondering what is happening to manufacturing in New Zealand. In reality, the situation is ‘steady as she goes’, with manufacturing continuing to be the second-largest contributor to…